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Volcano Spring International Holdings Reports Reduced Net Loss for 2024

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Volcano Spring International Holdings Reports Reduced Net Loss for 2024

Elevate Your Investing Strategy:

Miji International Holdings Limited ( (HK:1715) ) just unveiled an update.

Volcano Spring International Holdings Limited, incorporated in the Cayman Islands, has announced a profit warning indicating a reduction in net loss for the year ended December 31, 2024. The company expects to report a net loss of approximately RMB35.5 million, an improvement from the RMB49.3 million loss in 2023. This reduction is attributed to a decrease in administrative and selling expenses due to effective cost control measures, despite a decrease in overall gross profit resulting from a change in product mix. The financial results are based on unaudited management accounts and may differ from the final audited results.

More about Miji International Holdings Limited

YTD Price Performance: 1.90%

Average Trading Volume: 842,114

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$25.24M

For an in-depth examination of 1715 stock, go to TipRanks’ Stock Analysis page.

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