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Vixtel Technologies Holdings Ltd. ( (HK:1782) ) has provided an announcement.
International Business Digital Technology Limited has issued a profit warning, indicating a projected net loss of RMB68.0 million to RMB76.0 million for the year ending December 31, 2024, compared to a net loss of RMB47.2 million in the previous year. The increased loss is attributed to decreased revenue and gross profit due to slower contract signings, reduced government grants, increased expenses related to business development in the Central Bank Digital Currency network system, and an impairment loss on intangible assets.
More about Vixtel Technologies Holdings Ltd.
YTD Price Performance: 0.99%
Average Trading Volume: 784,078
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$3.12B
For an in-depth examination of 1782 stock, go to TipRanks’ Stock Analysis page.