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Solartech International Holdings Limited ( (HK:1166) ) has provided an announcement.
Solartech International Holdings Limited has issued a profit warning, indicating an expected increase in losses for the fiscal year ending June 30, 2025, with losses projected between HK$140 million and HK$148 million, compared to HK$88.5 million the previous year. The increase in losses is attributed to decreased turnover and gross profit, impairment loss on mining rights, and reduced deferred tax credits, despite a one-off gain from a subsidiary disposal and decreased losses from investment property valuations.
The most recent analyst rating on (HK:1166) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Solartech International Holdings Limited stock, see the HK:1166 Stock Forecast page.
More about Solartech International Holdings Limited
Average Trading Volume: 140,738
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.77M
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