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An announcement from Ritamix Global Limited ( (HK:1936) ) is now available.
Ritamix Global Limited has issued a profit warning, indicating a significant decrease in profit for the financial year ending 31 December 2024, with expected profits dropping to no more than RM6.0 million from approximately RM11.4 million the previous year. This decline is attributed to increased project development expenses, decreased sales due to weaker market demand and competitive pressures, and an impairment adjustment for unquoted equity shares. The company advises caution to shareholders and potential investors as the final audited results may differ from the preliminary figures.
More about Ritamix Global Limited
Ritamix Global Limited is a company incorporated in the Cayman Islands, operating within a group structure. It is listed on the Hong Kong Stock Exchange and engages in various business activities through its subsidiaries.
YTD Price Performance: -13.16%
Average Trading Volume: 269,191
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$292.6M
See more insights into 1936 stock on TipRanks’ Stock Analysis page.