FSM Holdings Limited (HK:1721) has released an update.
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FSM Holdings Limited has issued a profit warning indicating an expected loss for the first half of 2024, which is significantly higher than the loss reported in the same period of the previous year. The anticipated loss is due to a decline in the manufacturing business revenue, stemming from reduced market demand, and increased costs in their online mobile gaming operations. Shareholders and potential investors are urged to be cautious when dealing with the company’s securities.
For further insights into HK:1721 stock, check out TipRanks’ Stock Analysis page.