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An update from Town Ray Holdings Limited ( (HK:1692) ) is now available.
Town Ray Holdings Limited has issued a profit warning, indicating an expected decrease in net profit by approximately 38% for the first half of 2025 compared to the same period in 2024. This decline is attributed to the company’s strategic decision to adjust its product offerings to align with consumer demand, which involved selling products at lower gross profit margins.
More about Town Ray Holdings Limited
Town Ray Holdings Limited operates in the consumer goods industry, focusing on optimizing its product line-up to meet consumer demand. The company is involved in offering products with varying gross profit margins.
Average Trading Volume: 59,725
Technical Sentiment Signal: Hold
Current Market Cap: HK$829.3M
For a thorough assessment of 1692 stock, go to TipRanks’ Stock Analysis page.