PAX Global Technology (HKG:0327) expects to record a 30% to 40% decline in net profit for the six months ended June 30, from HK$660 million a year prior, a Friday filing on the Hong Kong bourse said.
The payment terminals manufacturer attributed the anticipated drop in profit mainly to a lower revenue from the US, Canada, Latin America and the Commonwealth of Independent States regions.
Price (HKD): $5.86, Change: $+0.02, Percent Change: +0.34%
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