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The latest announcement is out from SEM Holdings Limited ( (HK:9929) ).
SEM Holdings Limited has announced a positive profit alert, indicating a significant financial turnaround. The company anticipates a net profit of not less than HK$3.8 million for the year ending December 2024, compared to a net loss of approximately HK$8.0 million in the previous year. This improvement is attributed to increased gross profit margins and the reversal of impairment losses due to the collection of long-outstanding contract assets and trade receivables. Stakeholders are advised to exercise caution as the results are preliminary and subject to final adjustments.
More about SEM Holdings Limited
YTD Price Performance: 26.00%
Average Trading Volume: 1,782,380
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$126M
See more data about 9929 stock on TipRanks’ Stock Analysis page.