Playmates Holdings Warns of Significant Financial Loss in 2024

Playmates Holdings ( (HK:0635) ) just unveiled an announcement.

Playmates Holdings Limited has issued a profit warning, indicating a significant expected loss for the financial year ending December 31, 2024. The company’s revenue is anticipated to decline to HK$1,092 million from HK$1,272 million in 2023, with a loss before tax of HK$259 million compared to a profit of HK$170 million the previous year. This downturn is primarily due to a higher unrealized revaluation deficit on investment properties and decreased performance of its subsidiary, Playmates Toys Limited. Stakeholders are advised to exercise caution as the company prepares to finalize its financial statements.

More about Playmates Holdings

Playmates Holdings Limited, incorporated in Bermuda, operates primarily in the toy industry through its major subsidiary, Playmates Toys Limited. The company is listed on the Hong Kong Stock Exchange and focuses on producing and distributing toys.

YTD Price Performance: 100.0%

Average Trading Volume: 5,348

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $140.9M

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