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Fu Shou Yuan International Group ( (HK:1448) ) has shared an announcement.
Fu Shou Yuan International Group Limited has issued a profit warning, anticipating a significant decrease in profits for the year ended December 31, 2024, with an expected reduction of approximately 50% to 53% compared to the previous year. This decline is attributed to reduced core business revenue, impairment of goodwill and assets, and increased tax expenses. Despite these challenges, the company is committed to enhancing operational management, service quality, and digital transformation to drive future growth and profitability, while maintaining a prudent financial policy.
More about Fu Shou Yuan International Group
Fu Shou Yuan International Group Limited is a company incorporated in the Cayman Islands, primarily operating in the funeral services industry. The company focuses on providing comprehensive funeral services and products, aiming to maintain a leading position in the market.
YTD Price Performance: 9.09%
Average Trading Volume: 130
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.32B
See more insights into 1448 stock on TipRanks’ Stock Analysis page.