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An update from Winox Holdings Limited ( (HK:6838) ) is now available.
Winox Holdings Limited has issued a profit warning, anticipating a financial loss between HK$18,000,000 and HK$23,000,000 for the year ending December 31, 2024, compared to a net profit of HK$63,726,000 in 2023. The expected loss is attributed to a decrease in sales due to weakened global demand for luxury products and increased market competition impacting their gross profit margins.
More about Winox Holdings Limited
Winox Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and sales of watch bracelets and smart wearables. The company operates within the luxury goods sector, targeting markets with a focus on high-end consumer products.
YTD Price Performance: 0.0%
Average Trading Volume: 178,890
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$228M
See more data about 6838 stock on TipRanks’ Stock Analysis page.