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InvesTech Anticipates Doubled Net Loss in H1 2024

InvesTech Anticipates Doubled Net Loss in H1 2024

InvesTech Holdings Limited (HK:1087) has released an update.

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InvesTech Holdings Limited warns of a projected increase in net loss for the first half of 2024, estimating a loss between RMB 38.0 million and RMB 43.0 million, nearly doubling the previous year’s RMB 19.3 million. The anticipated loss is largely due to a RMB 14.9 million fair value loss in investment properties amid a weak commercial property market in Hong Kong and heightened competition in Mainland China’s market. Shareholders and potential investors are advised to exercise caution when trading company shares.

For further insights into HK:1087 stock, check out TipRanks’ Stock Analysis page.

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