Ngai Hing Hong Co. Ltd. (HK:1047) has released an update.
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Ngai Hing Hong Company Limited has announced a significant reduction in their annual loss, down to no more than HK$19 million for the year ending June 30th, 2024, from HK$52 million the previous year. The improvement is attributed to increased sales volume, turnover, and gross margin, achieved despite challenging conditions such as geopolitical tensions and fluctuating global economic growth. Investors and shareholders are urged to exercise caution when dealing in the company’s shares.
For further insights into HK:1047 stock, check out TipRanks’ Stock Analysis page.