Wise Ally International Holdings Limited (HK:9918) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Wise Ally International Holdings Limited has announced a positive profit outlook, expecting a net profit of at least HK$10.0 million for the first half of 2024, a significant turnaround from a net loss in the same period the previous year. This improvement is largely due to a rise in revenue and gross profit margin, thanks to newly launched products by key customers. Investors are encouraged to exercise caution and await the official interim results to be published by the end of August 2024.
For further insights into HK:9918 stock, check out TipRanks’ Stock Analysis page.