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Risecomm Group Holdings Limited ( (HK:1679) ) has issued an update.
Risecomm Group Holdings Limited has issued a profit warning, indicating an expected consolidated net loss of approximately RMB56 million for the year ended December 31, 2024, a significant improvement from the RMB146 million loss recorded in 2023. This reduction in losses is attributed to a decrease in impairment losses, suggesting a stabilization in operations. Stakeholders are advised to exercise caution and await the final audited results, which are expected by the end of March 2025.
More about Risecomm Group Holdings Limited
Risecomm Group Holdings Limited operates in the technology sector, focusing on providing advanced communication and control technologies. The company is known for its expertise in power line communication products and solutions, catering to a range of industries with a particular emphasis on smart metering and energy management systems.
YTD Price Performance: -31.58%
Average Trading Volume: 311,846
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$33.24M
For an in-depth examination of 1679 stock, go to TipRanks’ Stock Analysis page.