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The latest update is out from Kong Sun Holdings Limited ( (HK:0295) ).
Kong Sun Holdings Limited has issued a profit warning, indicating an expected increase in net loss for the year ending December 31, 2024, ranging from RMB570 million to RMB620 million, compared to a net loss of RMB328.6 million in the previous year. This anticipated increase is attributed to higher impairment losses on trade and other receivables, losses from discontinued operations, and a decrease in administrative expenses. The company is still finalizing its annual results, and shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
More about Kong Sun Holdings Limited
Kong Sun Holdings Limited is a company incorporated in Hong Kong with limited liability, operating primarily in the energy sector. The company, along with its subsidiaries, focuses on investments in solar power projects and other renewable energy initiatives.
Technical Sentiment Signal: Strong Buy
Current Market Cap: €28.53M
For a thorough assessment of 0295 stock, go to TipRanks’ Stock Analysis page.