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The latest announcement is out from Luen Thai Holdings Limited ( (HK:0311) ).
Luen Thai Holdings Limited has issued a profit warning for the fiscal year ending December 2024, expecting a significant increase in losses due to several challenges, including shipment delays and inventory issues with major customers. The company’s internal reorganization efforts to address these issues resulted in substantial non-recurring expenses, impacting short-term profitability. However, the management believes these measures will enhance operational efficiency and resource allocation in the long term, positioning the company for recovery once market conditions improve.
More about Luen Thai Holdings Limited
Luen Thai Holdings Limited operates in the apparel manufacturing industry, offering various textile products and services. The company focuses on providing apparel solutions to major global brands, particularly in markets affected by logistics and regulatory challenges.
YTD Price Performance: 28.57%
Average Trading Volume: 160,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €23.6M
Learn more about 0311 stock on TipRanks’ Stock Analysis page.
