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Nanfang Communication Projects Significant Profit Increase for 2024

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Nanfang Communication Projects Significant Profit Increase for 2024

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An announcement from Nanfang Communication Holdings Ltd. ( (HK:1617) ) is now available.

Nanfang Communication Holdings Ltd. has issued a positive profit alert, indicating a significant increase in profit and total comprehensive income for the year ending December 31, 2024, compared to the previous year. The improvement is attributed to decreased raw material costs and changes in the fair value of financial assets denominated in foreign currency. However, the results are based on preliminary unaudited assessments and may be subject to adjustments.

More about Nanfang Communication Holdings Ltd.

Nanfang Communication Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the communication industry. The company, along with its subsidiaries, focuses on the production and distribution of communication products and services.

YTD Price Performance: 9.00%

Average Trading Volume: 1,177,666

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$177.3M

Find detailed analytics on 1617 stock on TipRanks’ Stock Analysis page.

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