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Tailam Tech Construction Issues Profit Warning with Reduced Losses

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Tailam Tech Construction Issues Profit Warning with Reduced Losses

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An update from Tailam Tech Construction Holdings Limited ( (HK:6193) ) is now available.

Tailam Tech Construction Holdings Limited has issued a profit warning, indicating an expected consolidated loss of approximately RMB10.6 million for the year ending December 31, 2024, compared to a loss of RMB17.6 million in 2023. The reduction in loss is attributed to decreased impairment losses on financial assets and reduced selling, marketing, and administrative expenses due to improved credit risk assessments and cost control measures. The final results are yet to be finalized, and stakeholders are advised to exercise caution.

More about Tailam Tech Construction Holdings Limited

Tailam Tech Construction Holdings Limited is a company incorporated in the Cayman Islands, operating in the construction industry. The company focuses on providing construction-related services and products, with a market presence in Hong Kong.

YTD Price Performance: 6.32%

Average Trading Volume: 75,181

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$80.8M

For detailed information about 6193 stock, go to TipRanks’ Stock Analysis page.

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