Universal Technologies Holdings Limited (HK:1026) 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.
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.
For further insights into HK:1026 stock, check out TipRanks’ Stock Analysis page.