NEXION TECH issued a profit warning, expecting an annual loss attributable to shareholders of no more than HKD 15 million
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NEXION TECH issued a profit warning, expecting an annual loss attributable to shareholders not exceeding HKD 15 million for the year ending December 31, 2024, an increase compared to the previous year's loss of HKD 13.743 million. The increase in loss is mainly due to the SaaS division turning to a loss, reduced sales activities, and the recognition of impairment losses on intangible assets. The losses in the cybersecurity and IT software development divisions have improved, and depreciation and amortization have decreased this year
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