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Kelfred Holdings Limited ( (HK:1134) ) has issued an announcement.
Kelfred Holdings Limited has issued a profit warning, indicating an expected net loss of approximately HK$21.6 million for the year ended 31 December 2024, compared to a net profit of HK$1.4 million in the previous year. The loss is attributed to a reduction in gross profit margin due to competitive market conditions, lack of demolition compensation in the PRC, and decreased exchange gains. The company is finalizing its annual results, with a board meeting scheduled for 27 March 2025 to approve the results and consider a final dividend.
More about Kelfred Holdings Limited
Kelfred Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the sale of eyewear products. The company operates in a competitive market, which has influenced its financial performance.
YTD Price Performance: -4.08%
Average Trading Volume: 779,804
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$117.5M
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