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An update from Applied Development Holdings ( (HK:0519) ) is now available.
Novautek Technologies Group Limited has announced a positive profit alert, reporting an expected profit of approximately HK$11.4 million for the financial year ending June 2025, a significant turnaround from the previous year’s loss of HK$50.6 million. This improvement is attributed to increased fair value gains on investment properties, a reversal of provisions, and gains from the disposal of financial assets. The company has also launched a business transformation initiative, focusing on asset appreciation through the development of an intelligent robot industrial park, aligning with national industrial policy directions.
More about Applied Development Holdings
Novautek Technologies Group Limited operates in the technology industry, focusing on the development and commercialization of intelligent robots. The company is committed to enhancing its core competitiveness through its AI RaaS (Robot-as-a-Service) Operation Center and International Sales Center, aiming to promote global sales of its products.
YTD Price Performance: 80.61%
Average Trading Volume: 5,224,771
Technical Sentiment Signal: Buy
Current Market Cap: HK$540.8M
For an in-depth examination of 0519 stock, go to TipRanks’ Overview page.