Tang Palace (China) Holdings Limited ( (HK:1181) ) has shared an update.
Tang Palace (China) Holdings Limited has issued a profit warning for the year ended December 31, 2024, anticipating a loss of RMB15 million to RMB20 million, contrasting with a profit of RMB42 million the previous year. The downturn is attributed to decreased customer spending due to economic slowdowns, impairment losses on assets, and fair value losses on financial assets. Despite these challenges, the company is implementing marketing strategies and cost control measures to stabilize operations and enhance customer loyalty, aiming for sustainable development.
More about Tang Palace (China) Holdings Limited
Tang Palace (China) Holdings Limited operates in the hospitality industry, primarily focusing on restaurant services in Mainland China and Hong Kong. The company is known for its dining establishments and aims to cater to a diverse market with various promotional and customer engagement strategies.
YTD Price Performance: -4.76%
Average Trading Volume: 424,840
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$215.2M
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