Kingmaker Footwear Holdings (HK:1170) has released an update.
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Kingmaker Footwear Holdings Limited anticipates a significant drop in annual profits, projecting a 60-70% decrease due to reduced economies of scale and a challenging retail environment. The decline is partially balanced by increased interest income and lower estimated fair value loss on investment properties. Despite the setbacks, the company is focusing on high-end product development and facility upgrades to bolster its long-term market position.
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