Fulu Forecasts Up to 85% Profit Drop in 2024

MT Newswires Live

2025/03/11

Fulu (HKG:2101) expects a 65% to 85% year-over-year decline in attributable profit for the year 2024, a Monday filing with the Hong Kong bourse said.

The virtual goods and services provider attributed the anticipated profit drop mainly to a decline in revenue and gross profit margin, which in turn was due to the softening of the overall consumer market and intensified market competition.

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