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BetterLife Holding Limited ( (HK:6909) ) has provided an announcement.
BetterLife Holding Limited has issued a profit warning, indicating an expected loss of up to RMB27.0 million for the year ending December 31, 2024, compared to a profit of RMB56.8 million in 2023. This downturn is attributed to decreased revenue and profit due to macroeconomic factors and weak market sentiment, alongside a significant non-cash write-off of intangible assets and goodwill totaling approximately RMB37.9 million, resulting from adjustments in dealership store arrangements.
More about BetterLife Holding Limited
BetterLife Holding Limited is a company incorporated in the Cayman Islands, operating with a focus on optimizing dealership arrangements for various brands and locations.
YTD Price Performance: -25.51%
Average Trading Volume: 227,447
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$454.4M
Learn more about 6909 stock on TipRanks’ Stock Analysis page.
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