Rare Earth Magnesium Technology Group Holdings Full Year 2023 Earnings: HK$0.79 loss per share (vs HK$0.004 profit in FY 2022)

Rare Earth Magnesium Technology Group Holdings (HKG:601) Full Year 2023 Results

Key Financial Results

• Revenue: HK$263.5m (down 31% from FY 2022).
• Net loss: HK$423.6m (down from HK$1.40m profit in FY 2022).
• HK$0.79 loss per share (down from HK$0.004 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rare Earth Magnesium Technology Group Holdings shares are up 5.3% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Rare Earth Magnesium Technology Group Holdings (at least 2 which are potentially serious), and understanding them should be part of your investment process.

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