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SunCorp Technologies Issues Profit Warning Amid Expected Losses

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Suncorp Technologies ( (HK:1063) ) has provided an update.

SunCorp Technologies Limited has issued a profit warning, indicating an expected loss of approximately HK$46 million for the year ending December 31, 2024, compared to a profit of HK$40 million in the previous year. This shift from profit to loss is primarily due to impairment losses on expected credit losses and a significant decrease in other gains. The company is finalizing its annual results, with a detailed announcement expected on March 26, 2025, advising shareholders and potential investors to exercise caution.

More about Suncorp Technologies

SunCorp Technologies Limited operates in the technology sector, focusing on providing innovative solutions and services. The company is listed on the Stock Exchange of Hong Kong and engages in various technological advancements and product developments.

YTD Price Performance: -5.00%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $21.19M

For detailed information about 1063 stock, go to TipRanks’ Stock Analysis page.

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