FULU HOLDINGS (02101) issues profit warning, expecting the attributable profit of the parent company to decrease by approximately 65% to 85% year-on-year in 2024.
Fulum Holdings (02101) announced that the group expects to achieve the annual profit attributable to owners of the parent company in 2024 and...
FULU HOLDINGS (02101) announced that it is expected to see a decrease of approximately 65% to 85% in its attributable net profit to the owners of the parent company for the year 2024 compared to the same period in 2023. This is mainly due to a weak overall consumer market and intensified market competition leading to a decrease in revenue and overall gross profit margins during the reporting period, which in turn affects the profitability level.
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