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The latest update is out from China Boton Group Co., Ltd. ( (HK:3318) ).
China Boton Group Co., Ltd. issued a profit warning, projecting a net profit decrease of up to 65% for the year ending December 2024, primarily due to a challenging global business environment and an impairment loss on goodwill from past tobacco business acquisitions. The company is still finalizing its financial statements, and the exact impact on stakeholders will be clearer once the audited results are released in March 2025.
More about China Boton Group Co., Ltd.
China Boton Group Co., Ltd. operates in the fragrance and flavor industry, focusing on the production of flavors and fragrances primarily used in tobacco products. The company is positioned within the global market, with subsidiaries contributing to its business operations.
YTD Price Performance: 1.38%
Average Trading Volume: 164,020
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.59B
For detailed information about 3318 stock, go to TipRanks’ Stock Analysis page.
