Winox Holdings Expects Swing to Loss in 2024

MT Newswires Live

2025/01/17

Winox (HKG:6838) expects to record a loss between HK$18 million and HK$23 million in 2024, against a net profit of HK$63.7 million logged for 2023, a Friday Hong Kong bourse filing said.

The stainless steel products company attributed the expected swing to loss to a decline in sales of watch bracelets and smart wearables and a decrease in the group's gross profit margins due to stiff market competition.

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