ENM Holdings Expects to Return to Profitability in H1
MT Newswires Live
Jul 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.
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.