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An announcement from Carry Wealth Holdings Limited ( (HK:0643) ) is now available.
Carry Wealth Holdings Limited has issued a profit warning, projecting a significant increase in net loss to approximately HK$30 million for the first half of 2025, compared to a HK$12 million loss during the same period in 2024. This downturn is attributed to a 70% decline in revenue due to reduced order volumes from key customers in the US and Europe, inflationary pressures affecting supply chain costs, and idle costs from the Heshan facility, impacting the company’s financial performance and market positioning.
More about Carry Wealth Holdings Limited
Carry Wealth Holdings Limited operates in the apparel industry, focusing on the production and distribution of garments, with a significant market presence in the United States and Europe.
Average Trading Volume: 3,929,071
Technical Sentiment Signal: Buy
Current Market Cap: HK$566.9M
For a thorough assessment of 0643 stock, go to TipRanks’ Stock Analysis page.