China Boton's 2024 Profit Forecast to Fall Up to 65%

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China Boton's 2024 Profit Forecast to Fall Up to 65%

MT Newswires Live02-24

China Boton Group (HKG:3318) expects a year-over-year decline of up to 65% in net profit for the year 2024, a Feb. 21 filing with the Hong Kong bourse said.

The fragrance producer attributed the anticipated drop in profit mainly to a severe global business environment and an impairment loss on the goodwill of tobacco businesses acquired in 2016.

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