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International Entertainment Corporation ( (HK:1009) ) has shared an update.
International Entertainment Corporation has issued a profit warning, indicating an expected loss before taxation of no less than HK$260 million for the financial year ending June 2025, compared to a loss of approximately HK$162.2 million the previous year. The increased loss is attributed to higher general and administrative expenses, selling and marketing costs, a one-off write-off due to renovation, and increased interest expenses related to the casino and resort development in Manila. The company is finalizing its annual results, with potential further losses if impairment is recorded, advising shareholders and investors to exercise caution.
The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.
More about International Entertainment Corporation
International Entertainment Corporation, incorporated in the Cayman Islands, operates in the entertainment industry with a focus on casino operations and the development of integrated resorts. The company has expanded its operations to include a casino in Manila, Philippines, under a provisional license granted by the Philippine Amusement and Gaming Corporation.
Average Trading Volume: 178,658
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.71B
For an in-depth examination of 1009 stock, go to TipRanks’ Overview page.