Bojun Education Company Limited (HK:1758) has released an update.
Bojun Education Company Limited has issued a profit warning, revealing an expected net loss of approximately RMB36.7 million to RMB44.8 million for the year ending August 31, 2024, compared to a net profit of RMB51.0 million the previous year. This downturn is largely due to a substantial increase in finance costs, primarily from borrowings for constructing a new school campus. Investors are advised to exercise caution as the final financial results will be announced on November 28, 2024.
For further insights into HK:1758 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Deutsche Bank Pounds the Table on Tesla Stock
- ‘Breath of Fresh Air,’ Says Daniel Ives About Rivian Stock
- ‘It’s Not Too Late to Load Up,’ Says Analyst About Nvidia Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
