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CROSSTEC Completes Share Placement, Raising HK$6 Million
CROSSTEC (03893) issued 31.104 million placement shares.
CROSSTEC (03893) released an announcement, on February 28, 2025, based on the date of February 7, 2025...
CROSSTEC: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
Crosstec Forecasts Half-Year Loss
CROSSTEC (03893.HK) issues a profit warning: it is expected to report a consolidated net loss of approximately 12.4 million to -13.7 million Hong Kong dollars for the interim period.
On February 21, CROSSTEC (03893.HK) announced that, compared to the consolidated net profit of approximately 6.7 million Hong Kong dollars for the six months ending December 31, 2023, the group expects to record a consolidated net loss ranging from approximately 12.4 million Hong Kong dollars to 13.7 million Hong Kong dollars for the six months ending December 31, 2024. The Board of Directors believes that the group's change from a consolidated net profit for the six months ending December 31, 2023, to a consolidated net loss for that period is due to the existence of the following one-off item for the six months ending December 31, 2023: (a) reversal of contract costs of approximately 63 for contract modification.
Express News | CROSSTEC Group - Expected Result Due to Reversal of Contract Cost on Modification of Contracts of HK$6.3 Mln, Others
_AMS_ : I have the same question like you……
Calvin123 : interesting, I also wonder why they want to force the price to plunge. probably they are shorting to buy back at a low price?
Newbiebie : before u buy they already hold.