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The latest announcement is out from Arts Optical International Holdings Limited ( (HK:1120) ).
Arts Optical International Holdings Limited has issued a profit warning, anticipating a net loss between HK$12 million and HK$20 million for the first half of 2025, contrasting with a HK$2.5 million profit in the same period last year. The loss is attributed to increased operating costs due to US tariff policies, higher staff and promotional expenses in China and Southeast Asia, and elevated finance costs from bank borrowings for overseas production bases.
More about Arts Optical International Holdings Limited
Arts Optical International Holdings Limited operates in the optical industry, focusing on the manufacturing and distribution of optical frames and lenses. The company has a market presence in China and Southeast Asia, with manufacturing facilities in Vietnam and Malaysia.
Average Trading Volume: 52,837
Technical Sentiment Signal: Buy
Current Market Cap: HK$409.4M
Learn more about 1120 stock on TipRanks’ Stock Analysis page.