Imagi International Holdings (DE:BOI7) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Imagi International Holdings has issued a profit warning, anticipating a net loss of HK$12 million for the first half of 2024, a stark contrast to the HK$5 million net profit recorded in the same period last year. The downturn is attributed to a significant reduction in revenue from their securities brokerage and asset management services, and increased impairment allowances on loans. Investors are cautioned to await the official interim results due for publication in August 2024 before making any financial decisions.
For further insights into DE:BOI7 stock, check out TipRanks’ Stock Analysis page.