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Tse Sui Luen Jewellery (International) Ltd ( (HK:0417) ) has issued an announcement.
Tse Sui Luen Jewellery (International) Limited announced a profit alert indicating a substantial reduction in losses for the fiscal year ending March 31, 2025. The company expects a loss of no more than HK$200 million, a significant improvement from the previous year’s HK$374.2 million loss. This improvement is attributed to decreased expenses from a business transformation strategy, increased profits from its franchise business in Mainland China, and a reduction in non-cash adjustments related to asset impairments.
More about Tse Sui Luen Jewellery (International) Ltd
Tse Sui Luen Jewellery (International) Limited is a company incorporated in Bermuda, operating in the jewelry industry. It focuses on the design, manufacture, and retail of jewelry products, with a significant market presence in Mainland China.
Average Trading Volume: 85,995
Technical Sentiment Signal: Sell
Current Market Cap: HK$174.4M
For an in-depth examination of 0417 stock, go to TipRanks’ Overview page.