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The latest announcement is out from Hong Kong Economic Times Holdings ( (HK:0423) ).
Hong Kong Economic Times Holdings Limited has issued a profit warning, projecting a loss of approximately HK$36 million for the fiscal year ending March 31, 2025, compared to a profit of HK$54 million the previous year. The anticipated loss is attributed to the absence of a one-time property disposal gain and impairment losses on investment properties, alongside a decrease in revenue due to an unfavorable economic environment. The final annual results are yet to be audited and will be published by the end of June 2025, with stakeholders advised to exercise caution.
More about Hong Kong Economic Times Holdings
Hong Kong Economic Times Holdings Limited operates in the media and financial services industry, providing a range of products and services including financial news, information dissemination, and related media services. The company primarily focuses on the Hong Kong market, serving both individual and institutional clients with its comprehensive financial and economic content.
Average Trading Volume: 145,086
Technical Sentiment Signal: Sell
Current Market Cap: HK$315.1M
For a thorough assessment of 0423 stock, go to TipRanks’ Stock Analysis page.