Forward Fashion (International) Holdings Company Limited (HK:2528) has released an update.
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Forward Fashion (International) Holdings Company Limited has issued a profit warning, anticipating a substantial net loss of no less than HK$54 million for the first half of 2024, a significant increase from the HK$7.40 million loss in the same period of the previous year. The looming loss is attributed to economic downturns and waning consumer confidence within the Greater China region, adversely impacting the Group’s sales. Shareholders and potential investors are cautioned to be prudent when trading the company’s shares.
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