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PT International Development Corporation Limited ( (HK:0372) ) just unveiled an announcement.
PT International Development Corporation Limited has issued a profit warning, anticipating a significant increase in losses for the financial year ending March 2025. The expected loss of at least HK$209 million is attributed to an unrealized fair value loss in the AFC Mercury Fund and impairment losses on assets related to its petrochemical services. This announcement suggests potential financial challenges and impacts on stakeholders, highlighting the volatility in the company’s investment portfolio and operational difficulties in its core segment.
More about PT International Development Corporation Limited
PT International Development Corporation Limited operates in the petrochemical industry, providing port and port-related services. The company is engaged in investments and asset management, focusing on sectors that include petrochemicals.
Average Trading Volume: 394,549
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$77.2M
See more insights into 0372 stock on TipRanks’ Stock Analysis page.