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An update from Trio Industrial Electronics Group Limited ( (HK:1710) ) is now available.
Trio Industrial Electronics Group Limited has announced a profit warning for the year ending December 2024, with anticipated profits ranging from HK$1 million to HK$11 million, significantly down from HK$47.1 million in the previous year. The decline is attributed to reduced demand in major markets, diminished operating income, increased costs for new energy-related projects, and higher depreciation expenses. Stakeholders are advised to exercise caution as the company finalizes its financial results.
More about Trio Industrial Electronics Group Limited
Trio Industrial Electronics Group Limited operates within the electronics industry, specializing in smart vending systems and switch-mode power supply products. The company primarily focuses on markets in Europe and North America, where it has recently experienced a decrease in demand.
Average Trading Volume: 527,567
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$130M
See more insights into 1710 stock on TipRanks’ Stock Analysis page.
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