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SMIT Holdings ( (HK:2239) ) has provided an update.
SMIT Holdings Limited has issued a profit warning, indicating an expected loss of up to US$16 million for the first half of 2025, similar to the previous year’s loss. The losses are primarily due to non-cash items, including the company’s share of losses from associated companies investing in R&D and a re-valuation loss of an investee company. These factors do not impact the company’s cash flow management, but stakeholders are advised to exercise caution.
More about SMIT Holdings
SMIT Holdings Limited is a company incorporated in the Cayman Islands, operating in the technology sector. The company, along with its subsidiaries, focuses on developing and investing in technology-related projects, with a particular emphasis on research and development activities.
Average Trading Volume: 100,270
Technical Sentiment Signal: Sell
Current Market Cap: HK$318.4M
Learn more about 2239 stock on TipRanks’ Stock Analysis page.