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Theme International Holdings Limited ( (HK:0990) ) has provided an announcement.
Theme International Holdings Limited has issued a profit warning, indicating a significant decrease in net profit for the year ending December 31, 2024. The expected net profit is approximately HK$330 million, down about 76% from the previous year. This decline is attributed to several factors including reduced profit margins in its distribution and trading segment due to a sluggish market, lower gains from financial assets, and losses from suspected fund misappropriation in a Singapore subsidiary. The company’s financial outcomes are based on preliminary assessment and may be subject to adjustments upon further review.
More about Theme International Holdings Limited
Theme International Holdings Limited, incorporated in Bermuda, operates primarily in the distribution and trading sector. The company is listed on the Hong Kong Stock Exchange and is focused on trading and distribution activities.
YTD Price Performance: 12.50%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €653.3M
For detailed information about 0990 stock, go to TipRanks’ Stock Analysis page.