China-Hongkong Photo Products Holdings Limited (HK:1123) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
China-Hongkong Photo Products Holdings Limited has issued a profit warning, predicting a significant drop in net profit to not more than HK$7.5 million for the six months ending September 2024, compared to HK$28.7 million in the same period last year. This decline is attributed to reduced consumer spending, the absence of a tax credit, and increased impairment provisions. Despite these challenges, the company maintains a solid overall financial position.
For further insights into HK:1123 stock, check out TipRanks’ Stock Analysis page.