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An announcement from NVC International Holdings Ltd. ( (HK:2222) ) is now available.
NVC International Holdings Limited has issued a profit warning, indicating a significant shift from a profit of approximately US$37.7 million in 2023 to an expected loss of no more than US$16.9 million for the year ending December 31, 2024. This anticipated loss is primarily attributed to impairment losses of up to US$27.5 million related to an interest in an associate, highlighting potential challenges in the company’s financial performance and signaling caution for shareholders and investors.
More about NVC International Holdings Ltd.
YTD Price Performance: -6.19%
Average Trading Volume: 55,842
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$461.6M
See more insights into 2222 stock on TipRanks’ Stock Analysis page.