The latest announcement is out from Li Bao Ge Group Ltd. ( (HK:1869) ).
Kafelaku Coffee Holding Limited has issued a profit warning, indicating an expected loss of not less than HK$40 million for the year ending December 31, 2024, compared to a profit of approximately HK$8.0 million in the previous year. The anticipated loss is attributed to a decline in revenue due to weakened economies in China, a one-off gain from the previous year, and share-based compensation expenses. This announcement serves as a preliminary assessment and advises caution for shareholders and potential investors.
More about Li Bao Ge Group Ltd.
Kafelaku Coffee Holding Limited is a company incorporated in the Cayman Islands, operating within the coffee industry. The company, along with its subsidiaries, focuses on providing coffee-related products and services.
Average Trading Volume: 430,978
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$189M
Learn more about 1869 stock on TipRanks’ Stock Analysis page.