Tian Chang Group Holdings (HKG:2182) expects a net loss between HK$10 million and HK$15 million for 2024, against a net profit of HK$23.5 million logged for 2023, a Friday bourse filing said.
The industrial mold manufacturer attributed the expected swing to a decrease in sales and revenue from its integrated plastic solutions and the electronic cigarette segments resulting from the shift in consumer spending behavior and a challenging global business environment.
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