GLORY FLAME issues profit warning, expects losses in the first half to increase to approximately HKD 9.6 million
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According to the Zhitong Finance APP, GLORY FLAME announced that the group expects to incur a loss of approximately HKD 9.6 million in the first half of 2025, compared to a loss of approximately HKD 4.6 million in the same period of 2024. The increase in the group's loss is mainly due to a decrease in revenue for the relevant period from approximately HKD 46.4 million in the same period of 2024 to approximately HKD 37.8 million; and a decrease in gross profit for the relevant period from approximately HKD 15.6 million in the same period of 2024 to approximately HKD 9.8 million
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