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Global Bio-chem Technology Group Co. Ltd. ( (HK:0809) ) just unveiled an update.
Global Bio-chem Technology Group Co. Ltd. has issued a profit warning, indicating a significant decrease in net gain for the year ending December 31, 2024, compared to the previous year. Despite an increase in revenue and gross profit, the expected net gain is lower due to the absence of a substantial one-off gain from a debt restructuring agreement in the prior year. The company has completed the disposal of eight subsidiaries, resulting in a one-off gain, but this was not enough to match the previous year’s financial performance.
More about Global Bio-chem Technology Group Co. Ltd.
Global Bio-chem Technology Group Co. Ltd. operates in the biotechnology industry, focusing on the production and development of bio-chemical products. The company has a market presence in Hong Kong and has previously included operations from Global Sweeteners Holdings Limited.
YTD Price Performance: -33.64%
Average Trading Volume: 2,411,610
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$641.3M
See more data about 0809 stock on TipRanks’ Stock Analysis page.