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San Miguel Brewery HK Ltd. Issues Profit Warning for 2024

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San Miguel Brewery HK Ltd. Issues Profit Warning for 2024

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San Miguel Brewery HK Ltd. ( (HK:0236) ) just unveiled an update.

San Miguel Brewery Hong Kong Ltd. has issued a profit warning, indicating an expected consolidated net loss for the fiscal year ending December 31, 2024. This anticipated loss is attributed to the non-cash impairment losses on the Group’s non-current assets, contrasting with a net profit reported for the same period in 2023. The company is in the process of finalizing its annual results, which are expected to be announced on February 24, 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.

More about San Miguel Brewery HK Ltd.

San Miguel Brewery Hong Kong Ltd. is a company operating in the beverage industry, focusing on the production and distribution of beer and other related products. The company serves the Hong Kong market and is listed on The Stock Exchange of Hong Kong Limited.

YTD Price Performance: -1.19%

Average Trading Volume: 70,916

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$310.1M

Learn more about 0236 stock on TipRanks’ Stock Analysis page.

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