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Rego Interactive Issues Profit Warning Amid Challenging Market Conditions

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Rego Interactive Issues Profit Warning Amid Challenging Market Conditions

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Rego Interactive Co., Ltd. ( (HK:2422) ) has shared an announcement.

Rego Interactive Co., Ltd. has issued a profit warning, anticipating a net loss of not less than RMB29.2 million for the year ended December 31, 2024, a significant decline from the previous year’s profit. This downturn is attributed to subdued consumer market sentiment in China, reduced marketing budgets, and increased expenses. The company plans to focus on its core business areas and adapt its strategies to navigate the challenging economic climate, aiming for steady progress and exploring new opportunities in digitalization solutions.

More about Rego Interactive Co., Ltd.

Rego Interactive Co., Ltd. is a company incorporated in the Cayman Islands, primarily engaged in providing corporate and industry digitalization solutions services. The company focuses on cross-industry empowerment solutions, aiming to enhance business resilience and secure continuous growth.

YTD Price Performance: -55.43%

Average Trading Volume: 867,807

Technical Sentiment Signal: Buy

Current Market Cap: HK$615M

See more data about 2422 stock on TipRanks’ Stock Analysis page.

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