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Pacific Online ( (HK:0543) ) has shared an update.
Pacific Online Limited has issued a positive profit alert, indicating an expected net profit of RMB40 million to RMB50 million for the year ending December 31, 2024, compared to a net loss of RMB32.3 million in 2023. This anticipated turnaround is attributed to the company’s effective cost management strategies, including reductions in staff and advertising expenses, which have significantly decreased overall expenditures.
More about Pacific Online
Pacific Online Limited is a company incorporated in the Cayman Islands, operating within the online services industry. It provides various digital services and has a market focus on enhancing operational efficiencies and cost-effectiveness.
YTD Price Performance: -2.50%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $45.06M
See more data about 0543 stock on TipRanks’ Stock Analysis page.