Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kingdom Holdings Limited ( (HK:0528) ) has shared an announcement.
Kingdom Holdings Limited has issued a profit warning, indicating a significant financial downturn for the first half of 2025. The company anticipates a net loss ranging from RMB120 million to RMB140 million, contrasting with a net profit in the same period of 2024. This downturn is attributed to a 30% drop in linen yarn prices and the use of more expensive raw materials, leading to a gross loss and an inventory impairment provision of approximately RMB28 million.
More about Kingdom Holdings Limited
Average Trading Volume: 143,200
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$702.7M
For detailed information about 0528 stock, go to TipRanks’ Stock Analysis page.