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GLG Corp Ltd ( (AU:GLE) ) has issued an announcement.
GLG Corp Ltd has updated its profit guidance for the financial year ending June 30, 2025, indicating a significant increase in net loss from the previously estimated range of US$200k to US$500k to a revised range of US$1.3m to US$1.5m after tax. This adjustment, subject to final audit review, suggests potential challenges in the company’s financial performance, which may impact its operations and stakeholder confidence.
More about GLG Corp Ltd
GLG Corp. Ltd is a global textile and apparel supply chain manager specializing in casual lifestyle knitwear apparel for major U.S. and European retailers. The company supplies approximately 56 million garments annually through its extensive global marketing and manufacturing network, providing a comprehensive service package from product design to post-manufacturing logistics.
Average Trading Volume: 21,340
Technical Sentiment Signal: Sell
Current Market Cap: A$9.63M
See more data about GLE stock on TipRanks’ Stock Analysis page.