tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tsit Wing International Issues Profit Warning Amid Rising Costs

Story Highlights
Tsit Wing International Issues Profit Warning Amid Rising Costs

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Tsit Wing International Holdings Limited ( (HK:2119) ) has shared an update.

Tsit Wing International Holdings Limited has issued a profit warning, anticipating a 30% to 35% decrease in profit for the first half of 2025 compared to the same period in 2024. This decline is attributed to the absence of a one-off asset disposal gain and increased procurement costs due to rising coffee bean prices, impacting the company’s financial performance and potentially affecting stakeholders.

More about Tsit Wing International Holdings Limited

Tsit Wing International Holdings Limited operates in the food and beverage industry, primarily focusing on the procurement and distribution of coffee and tea products. The company serves a diverse market, providing quality beverages to various sectors.

Average Trading Volume: 187,856

Technical Sentiment Signal: Buy

Current Market Cap: HK$454.1M

Find detailed analytics on 2119 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1