IDT INT'L (00167) Issues Profit Warning, Anticipates Fiscal 2025 Profit to Drop to HK$62-76 Million

Stock News03-25

IDT INT'L (00167) announced that the group expects to record a profit of approximately HK$62 million to HK$76 million for the 2025 fiscal year, compared to a profit of about HK$114.6 million for the 2024 fiscal year. The board of directors attributes the decrease in profit for the 2025 fiscal year primarily to a decline in overall revenue and gross profit, mainly resulting from reduced product sales in the People's Republic of China region.

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.

Comments

We need your insight to fill this gap
Leave a comment