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The latest update is out from Embry Holdings Limited ( (HK:1388) ).
Embry Holdings Limited has issued a profit warning, anticipating a significant increase in net loss for the fiscal year ending December 31, 2024, with expected losses around HK$380 million compared to HK$72 million in the previous year. The increase in losses is attributed to non-recurring, unrealized, and non-cash items, including impairments of property, plant, and equipment, a decrease in the fair value of investment properties, and the reversal of deferred tax assets. These financial challenges are driven by ongoing fierce market competition and sluggish property markets in the Chinese Mainland and Hong Kong.
More about Embry Holdings Limited
Embry Holdings Limited is a company incorporated in the Cayman Islands, operating in the apparel industry. The company, along with its subsidiaries, focuses on producing and selling lingerie and related products, primarily targeting the Chinese Mainland and Hong Kong markets.
YTD Price Performance: 40.0%
Average Trading Volume: 377,038
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$207M
See more data about 1388 stock on TipRanks’ Stock Analysis page.