EEKA Fashion Holdings Issues Profit Warning Due to Sales Decline and Increased Investments

EEKA Fashion Holdings Limited ( (HK:3709) ) has shared an update.

EEKA Fashion Holdings Limited has issued a profit warning, anticipating a decrease in revenue by up to 5% and a significant decline in net profit by up to 45% for the year ending December 31, 2024, compared to the previous year. This downturn is attributed to a general decline in product sales and increased investments in brand development and marketing. Stakeholders are advised to exercise caution as these figures are preliminary and subject to change upon final audit.

More about EEKA Fashion Holdings Limited

EEKA Fashion Holdings Limited operates in the fashion industry, offering a range of fashion products to its consumers. The company is focused on enhancing its brand assets and expanding its research and development capabilities, including advertising, store upgrades, intelligence collection, customer research, and product development.

YTD Price Performance: -6.02%

Average Trading Volume: 1,127,642

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$5.54B

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