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Natural Beauty Bio-Technology ( (HK:0157) ) has provided an update.
Natural Beauty Bio-Technology Limited has issued a profit warning, projecting a significant increase in net loss for FY2024, estimated between HK$102,000,000 to HK$103,000,000, compared to a loss of HK$15,111,000 in FY2023. This increase is attributed to a rise in selling and distribution expenses, increased impairment on goodwill and assets due to market changes, and a substantial fair value loss on investment properties driven by macroeconomic factors in Mainland China.
More about Natural Beauty Bio-Technology
Natural Beauty Bio-Technology Limited is a company incorporated in the Cayman Islands with limited liability. It operates in the cosmetics industry, with a focus on expanding its business through multi-channel and multi-brand strategies and increasing franchising stores, particularly in Mainland China.
YTD Price Performance: 1.67%
Average Trading Volume: 15,340
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $124.7M
For a thorough assessment of 0157 stock, go to TipRanks’ Stock Analysis page.
