Shing Chi Holdings Reports Increased Expected Net Loss

Ri Ying Holdings Ltd. (HK:1741) has released an update.

Pick the best stocks and maximize your portfolio:

Shing Chi Holdings Limited has issued a profit warning, anticipating a significant increase in net loss to around HK$12.0 million for the year ending September 2024, compared to a HK$2.6 million loss the previous year. The company attributes this rise to decreased revenue and impairment losses, although gains from the disposal of certain subsidiaries provided some relief. Investors are advised to handle the company’s shares with caution as final results are pending.

For further insights into HK:1741 stock, check out TipRanks’ Stock Analysis page.

Trending Articles

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.