Tenfu Warns of Up to 45% Decline in 2024 Profit

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Tenfu Warns of Up to 45% Decline in 2024 Profit

MT Newswires Live2024-12-13

Tenfu (HKG:6868) forecasts its 2024 profit to fall 35% to 45% year over year, according to a Friday filing with the Hong Kong Exchange.

The tea products company attributed the downbeat forecast to lower revenue due to decreased spending among consumers and the economic downturn, the filing said.

Price (HKD): $3.62, Change: $-0.0100, Percent Change: -0.28%

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