Goldpac Group Forecasts Significant Profit Drop

Goldpac Group Ltd. (HK:3315) has released an update.

Goldpac Group Ltd., a leading player in the financial security sector, has issued a profit warning, announcing an expected 60-70% decrease in profit for the first half of 2024 compared to the same period in 2023. The decline is attributed to increased competition in the Chinese mainland’s banking industry, delayed procurement cycles internationally, and investments in digital transformation. Investors are advised to exercise caution when dealing in the company’s securities until the interim results are published before the end of August 2024.

For further insights into HK:3315 stock, check out TipRanks’ Stock Analysis page.