Matrix Holdings Limited Issues Profit Warning Amid Economic Uncertainty

Matrix Holdings Limited ( (HK:1005) ) has issued an announcement.

Matrix Holdings Limited has issued a profit warning, indicating an expected increase in losses for the year ending December 31, 2024, with projected losses ranging from HK$290 million to HK$310 million, compared to a loss of HK$103 million in 2023. The increase in losses is attributed to decreased revenue due to global economic uncertainty and geopolitical tensions affecting consumer spending, as well as impairment losses on goodwill and other assets. Stakeholders are advised to exercise caution when dealing with the company’s shares.

More about Matrix Holdings Limited

Matrix Holdings Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under stock code 1005. The company, along with its subsidiaries, is involved in various business activities, although specific industry and product details are not provided in the announcement.

YTD Price Performance: -17.81%

Average Trading Volume: 35,882

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$506.7M

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