NATURAL FOOD IH issues a profit warning, expecting to achieve a net profit of approximately HKD 180 million to HKD 194 million in 2024, a year-on-year increase of about 18% to 28%
NATURAL FOOD IH expects to achieve a net profit of approximately HKD 180 million to HKD 194 million in 2024, representing a year-on-year growth of about 18% to 28%. The group anticipates that 210 offline counters may close in 2025 due to adjustments in the operating strategies of important retail channels, resulting in a total revenue decrease of approximately HKD 50 million to HKD 80 million for the fiscal year 2025. The growth in net profit is mainly attributed to the effective implementation of business development strategies and cost control policies
According to the Zhitong Finance APP, NATURAL FOOD IH (01837) announced that due to adjustments in the operating strategy of one of the group's important retail channels, and based on the company's preliminary estimates, a total of 210 offline counters under this channel may be closed by 2025, and the group's total revenue for the fiscal year 2025 is expected to decrease by approximately RMB 50 million to RMB 80 million accordingly.
The announcement stated that the group expects to achieve a net profit of approximately RMB 180 million to RMB 194 million for the year ending December 31, 2024, representing an increase of approximately 18% to 28% compared to the net profit of approximately RMB 152 million for the same period in 2023.
The increase in net profit is mainly attributed to: effective implementation of business development strategies, steady overall revenue growth, particularly a significant increase in sales in offline channels compared to 2023; and effective implementation of various budget and cost control policies, reasonably and effectively controlling the increase in sales costs
