Guangdong Tannery Limited (HK:1058) has released an update.
Namyue Holdings Limited anticipates a significant reduction in net loss for the first half of 2024 by approximately 68% compared to the same period in 2023, dropping to not more than HK$7 million. The improvement is attributed to successful sales strategies and inventory provisioning leading to a gross profit, along with reduced administrative expenses due to lowered employee compensation. The company cautions shareholders and potential investors to exercise care when dealing with its shares.
For further insights into HK:1058 stock, check out TipRanks’ Stock Analysis page.
