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ISP Holdings Limited ( (HK:2340) ) has provided an announcement.
ISP Holdings Limited has issued a profit warning for the six months ending June 30, 2025, despite a 30% to 35% increase in revenue compared to the previous year. The company anticipates a significant loss attributable to equity holders, ranging from HK$21.0 million to HK$26.0 million, due to increased credit risk in the construction industry, substantial costs from litigation and arbitration cases, and provisions for bad debts and expected credit losses. However, these losses were partially offset by interest income from restricted cash and fair value gains on financial assets.
More about ISP Holdings Limited
ISP Holdings Limited is a company incorporated in Bermuda with limited liability, operating in various sectors, including construction and financial services. The company is listed on the Stock Exchange of Hong Kong and focuses on managing contracts and financial assets.
Average Trading Volume: 910,877
Technical Sentiment Signal: Sell
Current Market Cap: HK$101.3M
For a thorough assessment of 2340 stock, go to TipRanks’ Stock Analysis page.