Universal Technologies Affirms Financial Viability

Universal Technologies Holdings Limited (HK:1026) has released an update.

Universal Technologies Holdings Limited has issued a supplemental announcement to its 2023 Final Results, disclosing a net loss of HK$192,709,000 for the fiscal year and net current liabilities of HK$259,801,000. Despite these challenges, the company has affirmed its going concern status, supported by unutilised banking facilities and a strong relationship with its bankers, ensuring that it can meet financial obligations in the foreseeable future.

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