"Profit Warning" FULUM GP HLDG expects to turn a loss of at least 64 million yuan for the full year

FULUM GP HLDG (01443.HK) issued a profit warning, expecting a loss of between HKD 64 million and HKD 69 million for the fiscal year ending in March, compared to a profit of HKD 50.6 million in the previous year. This is mainly due to a continued downgrade in consumption amid economic uncertainty, leading to a decrease in revenue that exceeds the reductions in employee costs, rental expenses, and financial costs