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New Century Group Hong Kong Limited ( (HK:0234) ) has provided an update.
New Century Group Hong Kong Limited has issued a profit warning, indicating an expected loss of up to HK$58 million for the fiscal year ending March 31, 2025, compared to a profit of HK$22 million the previous year. This anticipated loss is primarily due to fair value losses on investment properties, although there was an increase in profit from the securities trading business. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
More about New Century Group Hong Kong Limited
New Century Group Hong Kong Limited operates in the investment and securities trading industry, focusing on investment properties and securities trading. The company is incorporated in Bermuda and listed on the Hong Kong Stock Exchange.
Average Trading Volume: 649,579
Technical Sentiment Signal: Buy
Current Market Cap: HK$190.8M
For a thorough assessment of 0234 stock, go to TipRanks’ Stock Analysis page.