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Mobicon Group Limited ( (HK:1213) ) just unveiled an announcement.
Mobicon Group Limited has issued a profit warning, anticipating a significant increase in losses for the year ending March 31, 2025, with expected losses ranging between HK$11 million and HK$13 million. This decline is attributed to reduced demand for its electrical components in South Africa and decreased customer spending in Hong Kong, impacting the company’s financial performance.
More about Mobicon Group Limited
Mobicon Group Limited is a company incorporated in Bermuda, primarily engaged in the distribution of electrical components, with a market focus on regions including South Africa.
Average Trading Volume: 50,800
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$46.4M
See more data about 1213 stock on TipRanks’ Stock Analysis page.