Success Dragon International Holdings Ltd. (HK:1182) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Success Dragon International Holdings Ltd. has issued a profit warning, projecting a net loss of approximately HK$3.4 million for the six months ending September 2024, a stark contrast to the HK$1.6 million profit in the previous year. The downturn is primarily due to a significant revenue drop in their gold processing business, attributed to disruptions in mining activities from infrastructure developments in Henan. Investors are advised to exercise caution as the company finalizes its financial results.
For further insights into HK:1182 stock, check out TipRanks’ Stock Analysis page.