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Not Many Are Piling Into PAX Global Technology Limited (HKG:327) Just Yet
Pax Global: Decline Also Due to One-Off Share-Based Expenses >0327.HK
Pax Global Technology Sees 2024 Profit Down 30%-40% From HK$1.165B a Year Ago >0327.HK
PAX Global Renews E-Payment Terminal Deal With Hi Sun
PAX GLOBAL (00327.HK) warns of earnings: expected annual net profit to decrease by about 30% to 40%.
On December 31, Gelonghui reported that PAX GLOBAL (00327.HK) announced that the group expects a decrease in net profit for the financial year ending December 31, 2024 ("reporting period") by approximately 30% to 40% compared to a net profit of approximately HKD 1.165 billion for the financial year ending December 31, 2023. The Board of Directors believes that the expected decrease in net profit during the reporting period is mainly due to the following factors: (i) a reduction in revenue from the Latin America and Commonwealth of Independent States (LACIS) region and the USA and Canada (USCA) region during the reporting period. This is attributed to a decline observed in the first half of the reporting period.
Express News | Pax Global Technology Ltd - Expected Result Due to Decreased Revenue in Latin America, Commonwealth of Independent States , US, and Canada, Others
Press Release: PAX Health Emerges as a Leading Force in Behavioral Health With the Strategic Acquisitions of Three Leading North-East-Based Companies
