Sitoy Group (HKG:1023) expects a loss attributable to the owners between HK$60 million and HK$75 million for the six months ended Dec. 31, 2024, against an attributable profit of HK$53.5 million logged for the same period in the preceding year, a Friday bourse filing said.
The luggage and leather goods stores company attributed the expected swing to geopolitical tensions, global inflationary pressures, and a one-off loss from the termination of its Cole Haan Business.
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.