K2 F&B Holdings Forecasts Reduced Mid-Year Loss

K2 F&B Holdings Limited (HK:2108) has released an update.

K2 F&B Holdings Limited has issued a profit warning, expecting to post a consolidated loss of approximately S$0.2 million for the first half of 2024, a reduction from the loss of S$0.6 million in the same period of 2023. The anticipated loss is primarily due to increased bank loan interest rates and operational costs. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

For further insights into HK:2108 stock, check out TipRanks’ Stock Analysis page.