Future Bright Holdings Issues Profit Warning

Future Bright Holdings (HK:0703) has released an update.

Future Bright Holdings has issued a profit warning, revealing a sharp 97.9% decrease in profit for the first half of 2024 compared to the same period in 2023, with a slight 3.2% drop in turnover. The company attributes the decline to increased operating costs and a loss from its food and catering business, despite a rise in visitor arrivals to Macau and Hong Kong and modest gains from its food souvenir and property investment businesses.

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