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Optimistic Investors Push CircuTech International Holdings Limited (HKG:8051) Shares Up 50% But Growth Is Lacking
There's Reason For Concern Over CircuTech International Holdings Limited's (HKG:8051) Massive 38% Price Jump
Circutech (08051) intends to issue a total of approximately 7.8113 million shares for subscription to Hong Kong Golden Eagle International Development, raising a net amount of approximately 27.4 million Hong Kong dollars.
circutech (08051) announced that on October 4, 2024, the company plans to issue shares to Hong Kong Golden Eagle International Development Limited...
Express News | CircuTech International Holdings Ltd - to Issue 7.8 Mln Subscription Shares
CIRCUTECH: INTERIM REPORT 2024
Circutech released its mid-year performance. Shareholders' attributable net profit was HKD 2.231 million, a YoY decrease of 28.9%.
Circutech (08051) has released its six-month performance report until June 30, 2024, with revenue of HKD 0.149 billion, a year-on-year increase of 422.4%; owner's equity attributable to the company's owners was HKD 2.231 million, a year-on-year decrease of 28.9%; basic earnings per share was 9.52 Hong Kong cents. The increase in revenue during the period was mainly due to the increase in classified sales and distribution revenue after adjusting the business model. The decrease in net profit during the period was due to the decrease in fair value gains/losses on derivative financial instruments and operating expenses.
