Herbs Generation Group Issues Profit Warning Amidst Declining Wholesale Sales

Herbs Generation Group Holdings Limited Class H ( (HK:2593) ) has provided an announcement.

Herbs Generation Group Holdings Limited has issued a profit warning, indicating an expected decrease in profit for the year ending December 31, 2024, with anticipated profits ranging from HK$11 million to HK$13 million compared to HK$39.5 million in 2023. This decline is attributed to increased listing and depreciation expenses, as well as a drop in revenue and gross profit primarily due to reduced sales in its wholesale business. The company advises caution to shareholders and potential investors as the financial results are still under preparation and subject to change.

More about Herbs Generation Group Holdings Limited Class H

Herbs Generation Group Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. The company, along with its subsidiaries, is involved in the industry of herbal products and services, focusing on both retail and wholesale markets.

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