Geotech Holdings Forecasts Increased H1 Losses

Geotech Holdings Ltd. (HK:1707) has released an update.

Geotech Holdings Ltd. has issued a profit warning, anticipating a consolidated net loss between HK$7.5 million to HK$8.5 million for the first half of 2024, an increase from the preceding year’s HK$6.5 million loss. The increased loss is primarily due to higher staff costs and consultancy fees related to business development. Investors are cautioned to await the official interim results announcement expected in late August 2024 for accurate details.

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