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Fulum Group Holdings Ltd. ( (HK:1443) ) has shared an announcement.
Fulum Group Holdings Ltd. has issued a profit warning, expecting a significant loss for the fiscal year ending March 2025, ranging from HK$64.0 million to HK$69.0 million, compared to a profit of HK$50.6 million the previous year. The loss is attributed to decreased revenue due to economic uncertainties, despite efforts to reduce costs and invest in system upgrades and brand adjustments. The company is finalizing its annual results, which are subject to adjustments, and advises caution to shareholders and potential investors.
More about Fulum Group Holdings Ltd.
Fulum Group Holdings Ltd. operates in the hospitality industry, primarily focusing on restaurant management and services. The company is known for its diverse brand portfolio and aims to enhance operational efficiency and adapt to market changes.
Average Trading Volume: 247,666
Technical Sentiment Signal: Sell
Current Market Cap: HK$85.8M
For a thorough assessment of 1443 stock, go to TipRanks’ Stock Analysis page.