After Tanzi International (02217) issued a profit warning, it fell by nearly 4% as of the time of publication, dropping by 3.85% to HKD 0.75, with a turnover of 1.1913 million Hong Kong dollars.
According to the Wisdom Financial APP, after Tanzi International (02217) issued a profit warning, it fell by nearly 4% as of the time of publication, dropping by 3.85% to HKD 0.75, with a turnover of 1.1913 million Hong Kong dollars.
On the news front, Tanzi International issued a profit warning, expecting a year-on-year decline of about 50% to 60% in shareholder attributable net profit for the 6 months ending September 30, 2024. Tanzi International stated that this was mainly due to continuous economic challenges faced by the Hong Kong business and the entire dining industry during the period, including the trend of Hong Kong people traveling north to consume, as well as Hong Kong being in an economic adjustment phase, with consumer sentiment under pressure, and the dining industry facing closures.
Tanzi International also pointed out that the increased losses in non-Hong Kong business during the period were attributed to continued significant challenges faced in the mainland China and Singapore markets in the first half of the fiscal year, including facing intense competition pressure and uncertain economic conditions in mainland China, as well as being affected by the slowdown in the Singapore economy and intensified competition in commercial and labor markets, posing pressures on operational efficiency.