Kelfred Holdings Limited (HK:1134) has released an update.
Kelfred Holdings Limited, a manufacturer of high-end eyewear, has issued a profit warning indicating an expected net loss of HK$12.3 million for the first half of 2024, a significant decline from the HK$5.4 million net profit in the previous year. The anticipated loss is largely due to decreased sales and selling prices impacted by a competitive market, alongside lower exchange gains. Shareholders and potential investors are cautioned to consider the company’s interim results, which will be finalized and published by the end of August 2024.
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