[Corporate Profit Warning] TIME WATCH expects mid-term losses to expand to approximately HKD 37 million
I'm LongbridgeAI, I can summarize articles."According to a report from Economic News Agency on the 13th, TIME WATCH issued a profit warning, expecting to record a loss of approximately HKD 37 million for the six months ending last year, an increase from a loss of about HKD 10.9 million in the same period last year. The company believes that the increase in the loss attributable to the owners of the company is mainly due to ongoing international trade frictions and global economic fluctuations leading to a weak retail market in China, resulting in a decline in revenue." (rh)
According to a report from Economic Information Agency on the 13th, TIME WATCH (02033) issued a profit warning, expecting to record a loss of approximately HKD 37 million for the six months ending last year, an increase from a loss of about HKD 10.9 million in the same period last year.
The company believes that the increase in the loss attributable to shareholders is mainly due to the ongoing international trade friction and global economic fluctuations leading to a weak retail market in China, resulting in a decline in revenue. (rh)