Tao Heung Holdings Issues Profit Warning Amid Economic Challenges

An announcement from Tao Heung Holdings Limited ( (HK:0573) ) is now available.

Tao Heung Holdings Limited has issued a profit warning, anticipating a loss of approximately HK$48 million to HK$58 million for the year ending December 2024, compared to a profit of HK$74 million the previous year. This downturn is attributed to a 10% to 20% revenue decrease, driven by global economic challenges, changing consumer behaviors, and increased operational costs. The company has responded by introducing new menus, implementing cost control measures, and strengthening its brand presence through various marketing channels to improve its market position and support long-term growth.

More about Tao Heung Holdings Limited

Tao Heung Holdings Limited operates in the food and beverage (F&B) industry, focusing on providing dining services and products. The company is known for its efforts to align its offerings with market trends and customer preferences, aiming to enhance its competitiveness in the challenging Hong Kong and Mainland China markets.

YTD Price Performance: -2.50%

Average Trading Volume: 3,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €51.45M

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