TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Litu Holdings Limited ( (HK:1008) ) has shared an announcement.
Litu Holdings Limited, a company incorporated in the Cayman Islands, has announced a positive profit alert for the year ended December 31, 2024. The company expects to report a profit of approximately HK$66 million to HK$100 million, a significant turnaround from the HK$163.9 million loss recorded in 2023. This improvement is attributed to a decrease in impairment losses and an increase in gross profits due to new cost control measures. The final results are still subject to adjustments as the unaudited accounts have not yet been reviewed by auditors.
More about Litu Holdings Limited
YTD Price Performance: -6.40%
Average Trading Volume: 165,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$252.4M
Learn more about 1008 stock on TipRanks’ Stock Analysis page.