The latest announcement is out from Future Bright Holdings ( (HK:0703) ).
Future Bright Holdings Limited has issued a profit warning for the year ended December 31, 2024, reporting a significant decline in profits compared to the previous year. The company attributes this downturn to decreased turnover, increased operating expenses, and losses in its food and catering business, despite a rise in visitor arrivals. The company also faced a net fair value loss on its key investment property, further impacting its financial performance.
More about Future Bright Holdings
Future Bright Holdings Limited, incorporated in Bermuda, operates primarily in the food and catering industry, food souvenir business, and property investment sector. The company focuses on markets in Macau and Hong Kong, where it has experienced fluctuations in visitor spending and property valuations.
YTD Price Performance: -11.43%
Average Trading Volume: 205,411
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$87.48M
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