USPACE Tech Projects Narrower Losses in 2024
Company Announcements

USPACE Tech Projects Narrower Losses in 2024

Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.

USPACE Technology Group Limited anticipates a reduced net loss for the first half of 2024, with an expected loss not exceeding RMB 71 million, down from RMB 87.3 million in the same period last year. This improvement is largely due to the company’s partial divestment in Aspace Satellite Technology Limited. Investors are reminded to exercise caution, as these preliminary figures have not yet been audited or reviewed.

For further insights into HK:1725 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App