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An update from Tycoon Group Holdings Limited ( (HK:3390) ) is now available.
Tycoon Group Holdings Limited has issued a profit warning, expecting a loss of at least HK$7.0 million for the first half of 2025, compared to a profit of HK$24.2 million in the same period of 2024. This downturn is attributed to the challenges in the PRC e-commerce segment and increased expenses following the buy-back of Combo Win Asia Limited, which has led to additional non-cash expenses and operating costs. Despite these challenges, the company has managed to increase its revenue and maintain a steady gross profit margin.
More about Tycoon Group Holdings Limited
Tycoon Group Holdings Limited is involved in the e-commerce and distribution business of healthcare and wellbeing-related products, primarily focusing on the market in the People’s Republic of China.
Average Trading Volume: 3,630,406
Technical Sentiment Signal: Sell
Current Market Cap: HK$299.5M
Find detailed analytics on 3390 stock on TipRanks’ Stock Analysis page.