FULUM GP HLDG issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 64 million to HKD 69 million
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FULUM GP HLDG expects an annual loss attributable to shareholders of approximately HKD 64 million to HKD 69 million for the year ending March 31, 2025, compared to a profit of approximately HKD 50.6 million in the same period last year. The board pointed out that the loss is mainly due to economic uncertainty leading to a downgrade in consumption and a decrease in revenue. The company will increase investment in system upgrades, improve operational efficiency, and adjust its brand portfolio and close unprofitable stores to respond to market challenges
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