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The latest announcement is out from Fulu Holdings Limited ( (HK:2101) ).
Fulu Holdings Limited has issued a profit warning, indicating an expected decrease in profit for the year ending December 31, 2024, by approximately 65% to 85% compared to the previous year. The decline is attributed to reduced revenue and overall gross profit margin due to a softening consumer market and intensified competition, impacting the company’s profitability.
More about Fulu Holdings Limited
Fulu Holdings Limited, incorporated in the Cayman Islands, operates in the consumer market sector, focusing on providing various services and products. The company is listed on the Hong Kong Stock Exchange and is involved in a competitive industry that has recently experienced a softening consumer market.
YTD Price Performance: -10.99%
Average Trading Volume: 139,938
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$694.7M
For an in-depth examination of 2101 stock, go to TipRanks’ Stock Analysis page.