Crosstec Forecasts Half-Year Loss

MT Newswires Live
21 Feb

Crosstec Group (HKG:3893) expects a net loss of between HK$12.4 million and HK$13.7 million for the six months ended Dec. 31, 2024, compared with a net profit of around HK$6.7 million a year prior, a Friday filing with the Hong Kong bourse said.

The interior design service provider attributed the anticipated swing to loss mainly to certain one-time financial adjustments including the reversal of contracts costs and expected losses among other factors.

Price (HKD): $0.28, Change: $-0.0100, Percent Change: -3.45%

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