ENM Holdings Expects to Return to Profitability in H1

MT Newswires Live

07/21

ENM Holdings (HKG:0128) said it expects to return to profit in H1, according to a Hong Kong bourse filing Monday.

The fashion wear company expects an attributable profit of HK$8 million for the six months ended June 30, compared to a loss of HK$14.2 million a year earlier.

Meanwhile, the company is forecasting a 60% year-over-year decrease in revenue during the period, mainly attributable to the closure of the SWANK flagship store in 2024.

ENM Holdings expects to report its financial results next month.

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