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Pangaea Connectivity Announced Positive Profit Alert. Expected 1H Net Profit to Be Not Less Than RMB14 Million, With Increase in Sales Driven by AI Products
Pangaea Connect (01473.HK) profit alert: expected to turn losses into profits in the medium term.
Pangaea Connect (01473.HK) announced on October 15th that the group expects to achieve a net profit of not less than 140 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net loss of about 140 million Hong Kong dollars in the same period last year. The expected unaudited comprehensive post-tax net profit turnaround to profit from loss is mainly due to a significant increase of over 70% in revenue to approximately 600 million Hong Kong dollars for the six months ending September 30, 2023. The increase in revenue is consistent with the increase in sales and gross margin due to the increase in sales of AI products, with the increase attributed to strong market demand.
Express News | Pangaea Connectivity Technology Sees Net Profit of Not Less Than HK$14 Mln for Six Months
PANGAEA CONNECT: POSITIVE PROFIT ALERT
Agile Group Holdings Limited [01473] is now at 0.21 Hong Kong dollars, a decrease of 13.93%.
As of 15:44, Huanlian Co. [01473] reported HKD 0.21, down HKD 0.034 or 13.93% from the previous closing price of HKD 0.244. The trading volume was HKD 0.025 million. The highest price today was HKD 0.244, and the lowest price was HKD 0.21. Based on the closing price from yesterday, the 10-day average price is HKD 0.19, and the 50-day average price is HKD 0.20. The current price-to-earnings ratio is -6.05 times, and the 14-day strength index is 36.54.
Link Connect (01473) spent approximately 0.8498 million Hong Kong dollars to repurchase 4 million shares on August 27th.
Huanlian Lianxun (01473) announced that it will repurchase 4 million shares in August 27, 2024, at a cost of approximately 0.8498 million Hong Kong dollars...
Don't Ignore The Insider Selling In Pangaea Connectivity TechnologyNo Data
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