Kingmaker Footwear Holdings (HK:1170) has released an update.
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Kingmaker Footwear Holdings Limited has reported a significant 28% drop in revenue for the first quarter of FY2025 compared to the previous year, attributing the decline to sustained retail weakness in its major export markets. The company remains optimistic, however, forecasting a recovery in the second half of the year as market conditions improve and new product developments attract branded customers. Investors are cautioned to exercise prudence when dealing in the company’s shares, with further financial details to be revealed in the upcoming interim results announcement.
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