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Maxicity Holdings Limited ( (HK:2295) ) has issued an update.
Maxicity Holdings Limited has issued a profit warning, indicating a significant decrease in profit and total comprehensive income for the year ending December 31, 2024, compared to the previous year. This decline is mainly attributed to increased subcontracting costs due to labor shortages and the need for upfront resources for new projects, impacting the company’s profit margins.
More about Maxicity Holdings Limited
Maxicity Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. The company is listed on the Stock Exchange of Hong Kong and is involved in various projects that require significant manpower and subcontracting services.
YTD Price Performance: 4.48%
Average Trading Volume: 210,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.21B
See more data about 2295 stock on TipRanks’ Stock Analysis page.