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Applied Development Holdings ( (HK:0519) ) has issued an announcement.
Novautek Technologies Group Limited has issued a profit warning, projecting a loss of approximately HK$70,922,000 for the six months ending December 31, 2024. This represents a significant increase in losses compared to the same period in 2023, primarily due to increased fair value losses on investment properties and financial assets, and an impairment loss on property, plant, and equipment. Despite these losses, the company is actively seeking new business opportunities to improve its financial standing.
More about Applied Development Holdings
Novautek Technologies Group Limited is a company incorporated in Bermuda with limited liability, primarily engaged in property investment and investment holding. The company is exploring new business opportunities, including the development of autonomous driving technology, to enhance its financial performance.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $80.49M
Find detailed analytics on 0519 stock on TipRanks’ Stock Analysis page.
