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Sprocomm Intelligence Limited ( (HK:1401) ) has shared an announcement.
Sprocomm Intelligence Limited has announced a profit warning, indicating a significant drop in expected net profit for the year ended December 31, 2024, compared to the previous year. This decline is primarily due to a strategic decision to reduce the gross profit margin to secure sales orders from key customers and an increase in administrative expenses. The announcement suggests a challenging period for the company, with potential implications for its market position and investor confidence as it navigates these financial adjustments.
More about Sprocomm Intelligence Limited
Sprocomm Intelligence Limited operates within the technology sector, focusing on the development and production of intelligent communication devices. Its primary products and services cater to technological advancements in communication, aligning with market demands for innovative solutions.
YTD Price Performance: -6.86%
Average Trading Volume: 5,322,793
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.48B
See more insights into 1401 stock on TipRanks’ Stock Analysis page.