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Hung Hing Printing Group Limited ( (HK:0450) ) has issued an announcement.
Hung Hing Printing Group Limited has issued a profit warning, revealing an expected loss of approximately HK$43 million for the year ended 31 December 2024, a significant downturn from a profit of HK$135 million in 2023. This financial decline is attributed to the absence of a one-off income of HK$134 million from land resumption in Wuxi, China, which benefited the company in the previous year, alongside a decrease in revenue. The final financial results are anticipated to be published by the end of March 2025.
More about Hung Hing Printing Group Limited
Hung Hing Printing Group Limited is a company incorporated in Hong Kong with limited liability, primarily operating in the printing industry. The group provides various printing services and products, focusing on the Asian market.
YTD Price Performance: 3.64%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €110.6M
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