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Kingmaker Footwear Holdings ( (HK:1170) ) just unveiled an announcement.
Kingmaker Footwear Holdings Limited has issued a profit warning, indicating a projected loss of HK$33 million to HK$38 million for the year ending March 31, 2025, due to decreased revenue, increased labor costs, and a fair value loss on investment properties. Despite these challenges, the company plans to maintain strategic investments in manufacturing and focus on high-value products to strengthen its long-term market position, amid ongoing uncertainties such as the US tariff regime on footwear products from Vietnam and Cambodia.
More about Kingmaker Footwear Holdings
Kingmaker Footwear Holdings Limited operates in the footwear industry, focusing on the manufacturing and distribution of footwear products. The company is involved in strategic investments in manufacturing capabilities and aims to enhance its product portfolio by focusing on products with a higher average selling price through targeted client collaborations.
Average Trading Volume: 45,920
Technical Sentiment Signal: Sell
Current Market Cap: HK$410.7M
See more insights into 1170 stock on TipRanks’ Stock Analysis page.