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National United Resources Holdings Limited Reports Reduced Losses amid IT Expansion

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National United Resources Holdings Limited Reports Reduced Losses amid IT Expansion

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National United Resources Holdings Limited ( (HK:0254) ) has provided an update.

National United Resources Holdings Limited has issued a profit alert indicating an expected reduction in losses for the six months ending December 31, 2024, with losses anticipated to be between HK$13 million and HK$19 million, compared to a loss of approximately HK$22.8 million in the same period the previous year. This improvement is primarily due to the contribution from the newly introduced information technology business, which has significantly increased revenue and turned a gross loss into a gross profit.

More about National United Resources Holdings Limited

National United Resources Holdings Limited is a Hong Kong-based company involved in various industries, with a notable focus on information technology. The company has recently added an information technology segment, which is known for its high gross profit margins.

YTD Price Performance: -10.0%

Average Trading Volume: 997,626

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$118.5M

For a thorough assessment of 0254 stock, go to TipRanks’ Stock Analysis page.

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