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Solartech International Projects Reduced Losses Amid Profit Warning

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Solartech International Projects Reduced Losses Amid Profit Warning

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The latest update is out from Solartech International Holdings Limited ( (HK:1166) ).

Solartech International Holdings Limited has issued a profit warning for the six months ended 31 December 2024, expecting a loss between HK$23 million to HK$30 million, a notable improvement compared to the HK$58.76 million loss in the same period the previous year. This reduction in losses is attributed to increased gross profit, reduced general and administrative expenses, and a lesser net loss from the fair values of the Group’s investment properties.

More about Solartech International Holdings Limited

YTD Price Performance: -40.0%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €4.25M

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