CSC (HKG:0235, SGX:C06) expects an attributable profit of at least HK$3 million for the year 2024, down from HK$27 million a year prior, a Thursday filing with the Hong Kong bourse said.
The engineering services provider attributed the lower anticipated profit mainly to the provision for impairment loss on loan receivables and the recognition of an income tax expense compared with income tax credit in 2023.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.