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Ernest Borel Holdings Ltd ( (HK:1856) ) just unveiled an update.
Ernest Borel Holdings Ltd has issued a profit warning, indicating an expected net loss of up to HK$48 million for the year ending December 2024, compared to a profit of HK$18.9 million in the previous year. This downturn is attributed to non-cash, non-recurring factors such as impairment loss on goodwill and provision for inventories, alongside weak consumer market sentiment impacting order volumes.
More about Ernest Borel Holdings Ltd
Ernest Borel Holdings Ltd is a company incorporated in the Cayman Islands, primarily involved in the watchmaking industry. The company, along with its subsidiaries, focuses on producing and selling watches, catering to a market that values luxury timepieces.
YTD Price Performance: -45.56%
Average Trading Volume: 614,629
Technical Sentiment Signal: Buy
Current Market Cap: HK$353.1M
See more data about 1856 stock on TipRanks’ Stock Analysis page.