Natural Beauty Bio-Technology (HK:0157) has released an update.
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Natural Beauty Bio-Technology Limited warns of an anticipated net loss of approximately HK$31 million for the first half of 2024, a significant increase from the HK$9.4 million loss in the same period the previous year. The company attributes the loss to a nearly 3% drop in revenue and a 10.85% rise in sales and operating expenses, amid challenging global economic conditions and a conservative consumer spending trend. Investors are advised to exercise caution when dealing in the company’s shares.
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