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ZO Future Group Announces Surge in Annual Losses
Company Announcements

ZO Future Group Announces Surge in Annual Losses

Birmingham Sports Holdings Limited (HK:2309) has released an update.

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ZO Future Group has issued a profit warning, anticipating a significant increase in its annual loss to approximately HK$190 million for the year ended 30 June 2024, compared to HK$25.7 million in the previous year. The increase in loss is attributed to several factors, including the absence of certain compensations, higher finance costs, and increased administrative expenses. Shareholders and potential investors are urged to exercise caution when dealing with company shares.

For further insights into HK:2309 stock, check out TipRanks’ Stock Analysis page.

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