Litu Holdings Limited (HK:1008) has released an update.
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Litu Holdings Limited has projected a profitable turnaround, expecting to report a profit of HK$20.0 million to HK$35.0 million for the first half of 2024, a significant improvement from the HK$51.3 million loss in the same period of 2023. This positive shift is largely due to reduced impairment losses and enhanced cost control measures. Investors are urged to await the finalised interim results due by August 2024 before trading in the company’s shares.
For further insights into HK:1008 stock, check out TipRanks’ Stock Analysis page.