Kafelaku Coffee Expects Increased Mid-Year Losses
Company Announcements

Kafelaku Coffee Expects Increased Mid-Year Losses

Li Bao Ge Group Ltd. (HK:1869) has released an update.

Kafelaku Coffee Holding Limited has issued a profit warning, anticipating a substantial increase in losses for the six months ending June 30, 2024, estimated to be between HK$12.0 million to HK$15.0 million. This expected decline is primarily due to a drop in revenue and gross profit margins, reflecting economic challenges in China and Hong Kong. Investors are advised to exercise caution and await the company’s detailed interim results.

For further insights into HK:1869 stock, check out TipRanks’ Stock Analysis page.

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