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Pak Tak International Limited ( (HK:2668) ) has provided an announcement.
Pak Tak International Limited has issued a profit warning, projecting a substantial increase in losses for the first half of 2025, ranging from HK$110 million to HK$130 million, compared to the same period in 2024. This increase in losses is attributed to higher operational costs following the acquisition of an iron mining and milling business, increased finance costs due to existing bank loans, and a rise in fair value loss on investment properties. The company advises shareholders and potential investors to exercise caution and await the final interim results expected by the end of August 2025.
More about Pak Tak International Limited
Pak Tak International Limited operates in the mining industry, focusing on iron mining and milling. The company has recently expanded its operations by acquiring a mining business, which has significantly impacted its cost structure and financial performance.
Average Trading Volume: 28,467,593
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.44B
See more insights into 2668 stock on TipRanks’ Stock Analysis page.