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Birmingham Sports Holdings Limited ( (HK:2309) ) just unveiled an update.
ZO Future Group has issued a profit warning, projecting a substantial increase in losses, approximately HK$120 million for the six months ended December 31, 2024, compared to the previous year’s HK$36.9 million loss. The rise in losses is attributed to multiple factors, including decreased broadcasting income due to Birmingham City Football Club’s relegation, increased finance costs, and higher operating expenses. These financial challenges underscore the company’s current operational difficulties and potential implications for stakeholders.
More about Birmingham Sports Holdings Limited
ZO Future Group, along with its subsidiaries, operates in the sports and automobile industries. The company is significantly involved in the sports sector through ownership of Birmingham City Football Club, and it also engages in automobile business activities.
YTD Price Performance: -1.69%
Average Trading Volume: 2,587,148
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.9B
Learn more about 2309 stock on TipRanks’ Stock Analysis page.