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Shunten International (Holdings) Ltd. ( (HK:0932) ) has provided an update.
Shunten International (Holdings) Limited has issued a profit warning, indicating an expected unaudited consolidated loss of between HK$33.0 million and HK$39.0 million for the year ending March 31, 2025, compared to a profit of HK$0.6 million the previous year. This anticipated loss is attributed to weak retail market conditions in Hong Kong and Macau, reduced consumer spending, and a decrease in the fair value of investment properties. Despite these challenges, the company maintains sufficient liquidity and is focused on strategic measures to enhance its business performance.
More about Shunten International (Holdings) Ltd.
Shunten International (Holdings) Limited operates in the retail industry, focusing on consumer goods and services. The company is engaged in expanding business channels, enhancing brand images, optimizing cost structures, and strengthening competitive advantages to improve long-term business performance.
Average Trading Volume: 2,815,642
Technical Sentiment Signal: Hold
Current Market Cap: HK$93.24M
Find detailed analytics on 0932 stock on TipRanks’ Stock Analysis page.