Con Aero Tech (00232) fell more than 18% at one point and, as of the time of writing, fell 11.57% to HKD 0.107, with a turnover of HKD 2.2376 million.
According to the Zhongtong Financial App, Con Aero Tech (00232) fell more than 18% at one point and, as of the time of writing, fell 11.57% to HKD 0.107, with a turnover of HKD 2.2376 million.
In terms of news, Con Aero Tech issued a profit warning, expecting to achieve a post-tax profit of no less than HKD 6 million for the six months ending June 30, 2024, compared to a post-tax profit of approximately HKD 80 million in the same period last year. This is mainly due to challenges such as optimization and coordination faced by its subsidiary in the United States during the implementation of the new NetSuite enterprise resource planning system. At the same time, like most companies in the industry, it is facing a tight supply chain, resulting in a year-on-year decline in revenue and gross profit in the first half of the year.
