Trio Industrial Electronics Group Limited (HK:1710) has released an update.
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Trio Industrial Electronics Group Limited has issued a profit warning, revealing an anticipated loss of HK$25 million to HK$35 million for the first half of 2024, in stark contrast to the HK$21.7 million profit in the same period the previous year. The expected downturn is attributed to weakened demand in European and North American markets, along with increased administrative expenses, including a one-off compensation for a former director and higher staff costs for new energy project development. Shareholders and potential investors are urged to exercise caution in dealing with the company’s shares ahead of the interim results due by 31 August 2024.
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