PAX Global Technology (HK:0327) has released an update.
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PAX Global Technology Limited has issued a profit warning, expecting a 30% to 40% decrease in net profit for the first half of 2024 compared to the same period in 2023. This anticipated decline is largely due to decreased revenue in both the Latin America and the Commonwealth of Independent States, as well as the USA and Canada, amid global economic uncertainty affecting payment terminal demand. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.
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