Ever Reach Group Holdings Co., Ltd. (HK:3616) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ever Reach Group Holdings Co., Ltd. has announced a profit warning for FY2023, expecting a significant drop in profit despite a rise in revenue, mainly due to increased costs and tax expenses. The company also anticipates a loss for the first half of 2024, with trading of its shares remaining suspended. Investors are advised to be cautious as the company works towards fulfilling the necessary resumption requirements.
For further insights into HK:3616 stock, check out TipRanks’ Stock Analysis page.