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Guan Chao Holdings Limited ( (HK:1872) ) has issued an update.
Guan Chao Holdings Limited has issued a profit warning, indicating a significant decrease in profit before income tax for the fiscal year 2024, expected to be approximately S$1.4 million compared to S$9.3 million in 2023. This decline is attributed mainly to increased selling, distribution, and administrative expenses. The financial figures are based on unaudited management accounts and have not been reviewed by auditors, with the final results announcement expected as per the stipulated timeframe.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating within the automotive industry. The company, along with its subsidiaries, focuses on providing automotive-related services and products.
YTD Price Performance: -36.04%
Average Trading Volume: 1,413,008
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$383.3M
For a thorough assessment of 1872 stock, go to TipRanks’ Stock Analysis page.