Goldpac Group Expects Up To 70% Decline in Profit in 2024

MT Newswires Live

2024/12/23

Goldpac Group (HKG:3315) expects a decrease in the profit attributable to owners by approximately 60% to 70% for the year ending Dec. 31, compared to the profit of about HK$132.1 million in the previous year, according to a Sunday filing with the Hong Kong bourse.

The company attributed the decline in profit to lower sales prices and volumes, fewer international orders, and investment in digital transformation.

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