Tai Hing Group Holdings (HKG:6811) expects a profit attributable to the owners between HK$60 million and HK$65 million for 2024, lower than HK$93.8 million from 2023, a Friday Hong Kong bourse filing said.
The restaurant group attributed the expected decrease to northbound consumption inclination of Hong Kong residents, a downgrade in consumption in Hong Kong and China resulting from the economic conditions, and the impairment of provisions for assets and closure-related expenses during the reporting period.
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