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Smart Globe Holdings Ltd. ( (HK:1481) ) has issued an update.
Smart Globe Holdings Limited has issued a profit warning for the fiscal year ending December 31, 2024, despite an expected increase in revenue to at least HK$110 million, up from HK$97.2 million in 2023. The company anticipates a significant increase in its loss after tax, projected to be between HK$11 million and HK$13 million, compared to a loss of HK$3.7 million in the previous year. This increase in loss is attributed to a competitive pricing strategy in its printing business and higher administrative expenses related to the launch of its logistics operations in Sub-Saharan Africa.
More about Smart Globe Holdings Ltd.
Smart Globe Holdings Limited operates in the supply chain management services industry, with a focus on printing and logistics services. The company has recently expanded its logistics business into Sub-Saharan Africa, which is part of its new supply chain management services segment.
YTD Price Performance: -18.10%
Average Trading Volume: 195,918
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$484.5M
See more data about 1481 stock on TipRanks’ Stock Analysis page.