Herbs Generation Group Holdings expects a profit of HK$11 million to HK$13 million for 2024, lower than HK$39.5 million a year ago, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the profit decline to a HK$19 million listing expense, higher depreciation from new stores, and lower revenue and profit from wholesale sales.
The healthcare products manufacturer plans to publish its annual results by the end of March.
The company's shares were down 2% at the close of trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments