Freetech Anticipates Shift From Profit to Loss

TipRanksJul 19 05:11 ET

Freetech (06888.HK) issues profit warning: expected net loss of approximately 8 million Hong Kong dollars in the medium term.

On July 19, Gelunhui announced that Freetech (06888.HK) expects a net loss of approximately HK$8 million attributable to owners of the company for the six-month period ending on June 30, 2024, compared to a net income of approximately HK$2.3 million attributable to owners of the company for the six-month period ending on June 30, 2023. The announcement indicated that the expected net loss during this period is mainly due to the following factors: 1) The group expects a decrease in revenue from the asphalt pavement maintenance equipment division during this period because a set was sold in the six months ended June 30, 2023.

Gelonghui FinanceJul 19 04:54 ET

Express News | Freetech Road Recycling Technology - Expected Result Due to Decrease in Rev of Asphalt Pavement Maintenance Equipment Segment in Hy

ReutersJul 19 04:52 ET

Express News | Freetech Road Recycling Technology Sees Net Loss of HK$8.0 Mln for Six Months

ReutersJul 19 04:51 ET

Express News | Freetech Road Recycling Technology (Holdings) H1 Net Income HKD -8 Million

ReutersJul 19 04:51 ET

FREETECH: PROFIT WARNING

Hong Kong Stock ExchangeJul 19 04:50 ET · Announcements