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Hing Lee (HK) Holdings Limited ( (HK:0396) ) has provided an update.
Hing Lee (HK) Holdings Limited has announced a positive profit alert, indicating a significant financial turnaround for the year ending December 31, 2024. The company expects to report a consolidated profit of approximately HK$15.3 million, a notable improvement from the previous year’s loss of HK$11.5 million. This positive shift is primarily attributed to a gain from the disposal of a subsidiary and a reduction in administrative expenses. While the financial results are still being finalized, the announcement suggests a promising outlook for the company’s stakeholders.
More about Hing Lee (HK) Holdings Limited
YTD Price Performance: 6.74%
Average Trading Volume: 200,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$76.77M
Learn more about 0396 stock on TipRanks’ Stock Analysis page.
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