Snack Empire Forecasts Sharp Profit Decline

Snack Empire Holdings Limited (HK:1843) has released an update.

Snack Empire Holdings Limited anticipates a significant 90% drop in net profit for the year ending March 31, 2024, compared to the previous year. The company attributes the decline to decreased sales in Singapore and Malaysia, increased payroll expenses due to office expansion, and costs associated with establishing a new brand. Investors are urged to exercise caution and await the finalised annual results due by June 24, 2024.

For further insights into HK:1843 stock, check out TipRanks’ Stock Analysis page.