tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

New Silkroad Anticipates Sharper Losses

New Silkroad Anticipates Sharper Losses

New Silkroad Culturaltainment Ltd. (HK:0472) has released an update.

Elevate Your Investing Strategy:

New Silkroad Culturaltainment Ltd. has issued a profit warning, anticipating an increased loss of HK$60-70 million for the first half of 2024, significantly higher than the previous year’s loss. This downturn is largely due to the disposal of a loss-making entertainment investment and a struggling wine business amid a sluggish global economy. The company is considering divesting other loss-making segments to refocus on profitability.

For further insights into HK:0472 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1