San Miguel Brewery HK Ltd. ( (HK:0236) ) has provided an update.
San Miguel Brewery Hong Kong Ltd. announced a projected consolidated net loss of approximately HK$18.9 million for the year ending December 31, 2024, compared to a net profit of HK$89.6 million in 2023. This loss is mainly due to non-cash impairment losses on the group’s non-current assets. The company is finalizing its annual results, which are expected to be released on February 24, 2025. Stakeholders are advised to exercise caution when trading the company’s shares.
More about San Miguel Brewery HK Ltd.
San Miguel Brewery Hong Kong Ltd. operates in the brewing industry, primarily focusing on producing and distributing a wide range of beer products. As a subsidiary of the larger San Miguel Corporation, the company serves the Hong Kong market and potentially other regions, leveraging its brand reputation and product offerings.
YTD Price Performance: -2.38%
Average Trading Volume: 75,719
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$306.3M
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