tiprankstipranks
Advertisement
Advertisement

LET Group Holdings Issues Profit Warning Amid Financial Challenges

Story Highlights
LET Group Holdings Issues Profit Warning Amid Financial Challenges

Claim 30% Off TipRanks

Suncity Group Holdings ( (HK:1383) ) has issued an announcement.

LET Group Holdings Limited, listed on the Hong Kong Stock Exchange, has issued a profit warning for the year ended December 31, 2024. The company anticipates an unaudited loss of approximately HK$215.6 million, a significant downturn from the HK$58.7 million profit recorded in 2023. This loss is attributed to increased administrative expenses, lack of impairment loss reversals, and substantial net exchange losses, despite a notable increase in gross profit and share of profit from a joint venture.

More about Suncity Group Holdings

Current Market Cap: HK$298.3M

Learn more about 1383 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1