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Investing in Tennant (NYSE:TNC) Five Years Ago Would Have Delivered You a 66% Gain
TITANS ENERGY (02188.HK) expects a loss of approximately 44 million to 47 million yuan in the fiscal year 2024.
On March 10, Gelonghui reported that Tennant (02188.HK) announced that compared to a loss attributable to Shareholders of approximately RMB 43,979,000 in the previous year, the group expects to record a loss attributable to Shareholders in the range of approximately RMB 44,000,000 to RMB 47,000,000 for the fiscal year 2024. The expected increase in losses for fiscal year 2024 is primarily due to (including) (i) an increase in administrative and other expenses; (ii) an increase in sales and distribution expenses; and (iii) a decrease in gross margin due to adjustments in the overall sales strategy to increase market share.
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