Kelfred Holdings Anticipates Net Loss in 2024 H1
Company Announcements

Kelfred Holdings Anticipates Net Loss in 2024 H1

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.

For further insights into HK:1134 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App