K2 F&B Holdings Limited (HK:2108) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
K2 F&B Holdings Limited warns of a consolidated loss of S$0.2 million for the first half of 2024, a decrease from the previous year’s S$0.6 million loss, primarily due to rising bank loan interest rates and operational costs. The company also reports a S$0.5 million increase in financial costs and a S$1.3 million increase in operational expenses, despite a S$2.2 million revenue increase. Shareholders and potential investors are cautioned to exercise care in dealing with the company’s shares as the interim results are yet to be finalized and audited.
For further insights into HK:2108 stock, check out TipRanks’ Stock Analysis page.