TAO HEUNG HLDGS issued a profit warning, expecting a loss attributable to shareholders of approximately HKD 35 million to 45 million for the interim period, a year-on-year turnaround from profit to loss
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TAO HEUNG HLDGS issued a profit warning, expecting to record a loss attributable to shareholders of approximately HKD 35 million to 45 million for the six months ending June 30, 2025, compared to a profit of HKD 4 million in the same period last year. The main reason is a revenue decrease of 5% to 15%. The global economy is affected by geopolitical and macroeconomic uncertainties, posing challenges to the Hong Kong dining market. The group will launch a more attractive menu, control costs, and enhance brand awareness through online and offline marketing
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