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HPC Holdings Ltd. ( (HK:1742) ) has shared an update.
HPC Holdings Limited has issued a profit warning, indicating a significant downturn in its financial performance for the year ending October 31, 2024. The company expects to report an approximate S$8.48 million loss, a stark contrast to the S$3.10 million profit from the previous year, primarily due to missed project opportunities, project cost overruns, and increased administrative costs associated with their new corporate building. Despite the anticipated loss, the company maintains a sound financial position with adequate order book, reserve, and liquidity.
More about HPC Holdings Ltd.
YTD Price Performance: -7.14%
Average Trading Volume: 470,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$104M
Learn more about 1742 stock on TipRanks’ Stock Analysis page.