ESPRIT HOLDINGS issues a profit warning, expecting a mid-term net profit of approximately HKD 100 million, turning from a loss to a profit year-on-year
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ESPRIT HOLDINGS announced a profit warning, expecting a mid-term net profit of approximately HKD 100 million for the period ending June 30, 2025, turning from a loss to a profit year-on-year. The company will implement a restructuring in 2024, shifting to a light asset, license-driven brand management model, significantly reducing operating expenses, with a net loss from continuing operations of approximately HKD 21 million. The discontinued operations achieved a net profit of approximately HKD 22 million, further driving the growth of profit attributable to shareholders
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