Kelfred Expects Swing to Loss in 2024

MT Newswires Live

03/10

Kelfred Holdings (HKG:1134) expects a net loss of HK$21.6 million for 2024, against a net profit of HK$1.4 million from 2023, a Monday Hong Kong bourse filing said.

The eyewear products company attributed the expected swing to a reduction in gross profit margins due to a decrease in the average selling price of eyewear products, a decrease in exchange gains, and a lack of demolition compensation compared to 2023.

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