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ISP Holdings Limited ( (HK:2340) ) has provided an update.
ISP Holdings Limited has issued a profit warning, indicating a significant financial downturn for the year ending December 31, 2024. The company expects a revenue decrease of 30% to 35% compared to the previous year, alongside an increased loss attributable to equity holders ranging from HK$30.0 million to HK$35.0 million. This downturn is attributed to the completion of key projects early in the year, insufficient new contracts, disruptions due to design changes, increased legal fees, and provisions for litigation costs. The final audited results will be announced on March 24, 2025.
More about ISP Holdings Limited
YTD Price Performance: -8.26%
Average Trading Volume: 24,984
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$89.64M
For an in-depth examination of 2340 stock, go to TipRanks’ Stock Analysis page.