Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Huabao International Holdings ( (HK:0336) ) has shared an update.
Huabao International Holdings announced the preliminary financial results for its subsidiary, Huabao Flavours & Fragrances Co., Ltd., for the year ended December 31, 2024. The report reveals a significant decline in revenue and a shift from profit to loss, driven by changes in customer demand and procurement adjustments. The company also anticipates a substantial goodwill impairment loss related to its tobacco flavor assets, alongside additional provisions for credit and asset impairments, which will affect their net profit. The final impairment figures are pending further evaluation and audit.
More about Huabao International Holdings
Huabao International Holdings Limited, through its subsidiary Huabao Flavours & Fragrances Co., Ltd., operates in the flavors and fragrances industry. The company focuses on the production and distribution of flavors and fragrances, particularly catering to markets such as tobacco, food, and beverages.
YTD Price Performance: 1.92%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $875.1M
See more insights into 0336 stock on TipRanks’ Stock Analysis page.
