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The latest update is out from Sincere Co. Ltd. ( (HK:0244) ).
The Sincere Company, Limited has issued a profit warning, indicating an expected net loss between HK$38 million and HK$41 million for the year ending December 31, 2024. This is an improvement compared to the HK$50.5 million loss in 2023, despite a sluggish retail market affecting its department store operations. The company offset some losses with a property disposal gain and reduced finance costs, although it faced a modification loss due to pending litigation.
More about Sincere Co. Ltd.
The Sincere Company, Limited operates in the consumer and retail industry, focusing on department store operations in Hong Kong.
YTD Price Performance: 8.18%
Average Trading Volume: 464,645
Technical Sentiment Signal: Buy
Current Market Cap: HK$303.5M
For an in-depth examination of 0244 stock, go to TipRanks’ Stock Analysis page.