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E. Bon Holdings Limited ( (HK:0599) ) just unveiled an update.
E. Bon Holdings Limited has issued a profit warning, indicating an expected loss before tax of up to HK$13.0 million for the year ending March 2025, compared to a profit of HK$10.9 million the previous year. This downturn is attributed to a significant decrease in the market value of properties held for own use, amounting to approximately HK$19.4 million, and increased competition and costs in the fencing market. Despite stable revenue, gross profit fell by 11% due to these challenges, though operating expenses were reduced through cost-control measures. The company advises caution to shareholders and investors as it continues to address market challenges and maintain financial stability.
More about E. Bon Holdings Limited
E. Bon Holdings Limited operates in the property and construction industry, focusing on property management and related services. The company is involved in managing properties and providing services that cater to the real estate market.
Average Trading Volume: 140,059
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$97.04M
For detailed information about 0599 stock, go to TipRanks’ Stock Analysis page.