Water Oasis Group Issues Profit Warning Amidst Challenges

Water Oasis Group (HK:1161) has released an update.

Water Oasis Group Limited has issued a profit warning, projecting a significant drop in net profit for the fiscal year ending September 2024, primarily due to increased staff and marketing expenses, as well as non-cash goodwill impairment and investment property value changes. Despite these challenges, the company remains committed to enhancing its profitability through a focus on quality beauty services in Hong Kong. Investors are advised to approach with caution as final results will be released in December 2024.

For further insights into HK:1161 stock, check out TipRanks’ Stock Analysis page.