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An announcement from Grandshores Technology Group Limited ( (HK:1647) ) is now available.
Grandshores Technology Group Limited has issued a profit warning, indicating an expected loss of approximately S$0.5 million to S$2.0 million for the fiscal year ending March 31, 2025, compared to a profit of S$2.0 million the previous year. This anticipated loss is attributed to increased staff costs and a decrease in government grants, highlighting potential challenges in the company’s financial performance and operational strategy.
More about Grandshores Technology Group Limited
Grandshores Technology Group Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company is listed on the Hong Kong Stock Exchange and focuses on providing technology-related services and products.
Average Trading Volume: 3,747,375
Technical Sentiment Signal: Buy
Current Market Cap: HK$101.6M
Learn more about 1647 stock on TipRanks’ Stock Analysis page.