Lacklustre Performance Is Driving Trio Industrial Electronics Group Limited's (HKG:1710) 27% Price Drop

Trio Industrial Electronics Group Limited (HKG:1710) shares have had a horrible month, losing 27% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough

Simply Wall StJul 17 19:15 ET

Company profit warning: Trio Ind Elec (01710) expects a mid-year loss of up to 35 million Hong Kong dollars.

Jingu Financial News | Trio Ind Elec (01710) issued a profit warning, the company is expected to record a loss of approximately HKD25 million to HKD35 million attributable to the company's equity holders for the six months ended June 30, 2024, while the same period last year saw a profit of approximately HKD21.7 million attributable to the company's equity holders. The main reasons for the expected loss are: (i) the slowdown in overall economic growth in Europe and North America, which has led to sustained low demand for the group's main products in the European and North American markets; and (ii) increased administrative expenses, due to (a) one-time compensation paid to the former director for terminating his or her duties; and (b) investment in the new energy fund-related market.

金吾財訊Jul 14 21:03 ET

Trio Industrial Electronics Group Expects to Widen Losses in Six Months Ended June 30

Trio Industrial Electronics Group (HKG:1710) expects a loss attributable to equity holders in the range of HK$25.0 million and HK$35.0 million for the six months ended June 30, against an

MT NewswiresJul 12 08:52 ET

Trio Ind Elec (01710.HK) Profit Warning: Expected Mid-Term Loss of HKD 25 million to HKD 35 million.

Trio Ind Elec (01710.HK) announced on July 12th that the company expects to record a loss attributable to equity holders of approximately HKD 25 million to HKD 35 million for the six months ended June 30, 2024, while the same period last year recorded a profit attributable to equity holders of approximately HKD 21.7 million. The expected loss is mainly due to: (i) the overall slowdown of economic growth in Europe and North America, leading to sustained weak demand for the group's main products in the European and North American markets; and (ii) increased administrative expenses, due to (a) the departure of former directors.

Gelonghui FinanceJul 12 06:44 ET

Express News | Trio Industrial Electronics - Expected Result Due to Increase in Administrative Expenses, Others

ReutersJul 12 06:42 ET

Express News | Trio Industrial Electronics Sees Loss Attributable HK$25 Mln to HK$35 Mln for Six Months

ReutersJul 12 06:41 ET