Huaxi Holdings Co. Ltd. (HK:1689) has released an update.
Huaxi Holdings Co. Ltd. anticipates a significant loss for the first half of 2024, estimating a HK$21 million deficit compared to the HK$8 million loss in the same period of 2023. This downturn is attributed to reduced cigarette packaging sales, lack of new environmental restoration projects coupled with ongoing maintenance costs, and volatility in financial markets affecting asset values. Investors are cautioned to await the official interim results due for release on August 28, 2024, for a more accurate financial picture.
For further insights into HK:1689 stock, check out TipRanks’ Stock Analysis page.
