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