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Tat Hong Equipment Service Co. Ltd. ( (HK:2153) ) has shared an update.
Tat Hong Equipment Service Co., Ltd. has issued a profit warning, indicating an expected increase in net loss for the year ended 31 March 2025, ranging between RMB115.0 million and RMB125.0 million, compared to a loss of approximately RMB95.6 million the previous year. This increase is attributed to a decline in revenue due to slower economic growth and a sluggish construction sector, as well as higher income tax expenses from deferred tax adjustments. The company’s annual results are still being finalized and are subject to review, with audited results expected to be announced on 13 June 2025.
More about Tat Hong Equipment Service Co. Ltd.
Tat Hong Equipment Service Co., Ltd. is a company incorporated in the Cayman Islands, operating in the equipment service industry. The company, along with its subsidiaries, focuses on providing equipment services, likely targeting sectors such as construction, given the mention of a sluggish construction sector impacting revenue.
YTD Price Performance: 2.80%
Average Trading Volume: 242,971
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.28B
Find detailed analytics on 2153 stock on TipRanks’ Stock Analysis page.