Trio Industrial Electronics Group Limited provided earnings guidance for the the year ending 31 December 2022. The Group expects to record a profit attributable to equity holders of the Company of not less than HKD 40.0 million for the year ending 31 December 2022 as compared to a loss attributable to equity holders of the Company of approximately HKD 10.6 million for the year ended 31 December 2021. The expected turnaround is mainly due to the following reasons: increase in the Group's revenue due to strong customers' demand rebounded from the COVID-19 pandemic in its major markets; partial recovery of soaring material costs from certain customers; reversal of provision for impairment loss of obsolete inventories; and rise in net gain on foreign exchange mainly driven by the depreciation of Renminbi and Thai Baht against United States Dollar.
Trio Industrial Electronics Group Limited
Equities
1710
HK0000372331
Electrical Components & Equipment
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5-day change | 1st Jan Change | ||
0.275 HKD | +3.77% | +20.61% | +14.58% |
28/05 | Trio Industrial Electronics Group Limited Approves Board and Committee Changes | CI |
12/04 | Trio Industrial Electronics Group Limited Removes Joseph Mac Carthy as an Executive Director | CI |
1st Jan change | Capi. | |
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+14.58% | 35.2M | |
+6.17% | 45.68B | |
+191.19% | 5.56B | |
-8.16% | 2.64B | |
-11.64% | 2.54B | |
+128.28% | 1.44B | |
-30.62% | 1.11B | |
-8.52% | 999M | |
+42.74% | 915M | |
-6.31% | 845M |
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- Trio Industrial Electronics Group Limited Provides Earnings Guidance for the the Year Ending 31 December 2022