ENM HOLDINGS issues a profit warning, expecting a shareholder profit of approximately HKD 21 million for the first three quarters, a significant turnaround from a loss to a profit year-on-year
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ENM HOLDINGS expects to achieve a profit attributable to shareholders of approximately HKD 21 million for the first three quarters ending September 30, 2025, a significant turnaround from a loss of HKD 7.9 million in the same period of 2024. The financial improvement is mainly due to slight profitability in the fashion retail business, a reduction in operating expenses, and an increase in portfolio income. Despite implementing several cost-saving measures, the fashion retail business still faces challenges, and the board has decided not to renew leases for certain stores, planning to terminate the business on November 30, 2025
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