Sinolink Worldwide Holdings ( (HK:1168) ) has provided an update.
Sinolink Worldwide Holdings Limited, along with its subsidiaries, has announced a significant financial turnaround for the fiscal year ending December 31, 2024. The company expects to record a profit of not less than HK$3,500 million, a stark contrast to the previous year’s loss of approximately HK$278 million. This positive shift is attributed primarily to one-off gains from a business combination involving Rockefeller Group Asia Pacific, Inc., which became an indirectly wholly-owned subsidiary. The final annual results are pending review and are expected to be confirmed by March 24, 2025. Stakeholders are advised to exercise caution in dealing with the company’s shares.
More about Sinolink Worldwide Holdings
YTD Price Performance: 13.33%
Average Trading Volume: 2,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $159.2M
For an in-depth examination of 1168 stock, go to TipRanks’ Stock Analysis page.