Tungtex (Holdings) Co (HK:0518) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tungtex (Holdings) Company Limited has issued a profit warning, anticipating a loss of up to HK$16 million for the six months ending September 2024, driven by pricing pressures and increased production costs. This marks an increase from the HK$11 million loss recorded in the same period last year. Investors are advised to remain cautious as the company finalizes its interim results.
For further insights into HK:0518 stock, check out TipRanks’ Stock Analysis page.