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An update from ENM Holdings ( (HK:0128) ) is now available.
ENM Holdings Limited has announced an expected substantial reduction in its losses for the fiscal year ending December 2024, with a projected decrease of 60% to 70% compared to the previous year. This improvement is attributed to the cessation of its loss-making resort operations, reduced losses in the fashion retail sector, and the absence of one-off privatization costs. Despite these positive changes, the company anticipates a 30% decrease in revenue from continuing operations due to the closure of a key retail store, with ongoing efforts to reduce losses expected to impact revenue into 2025.
More about ENM Holdings
ENM Holdings Limited is a company incorporated in Hong Kong, operating with a diverse portfolio that includes resort and recreational club operations, fashion retail, and investment holdings. The company has been focused on restructuring its loss-making divisions and optimizing its business operations.
YTD Price Performance: 76.47%
Average Trading Volume: 10,166
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $56.2M
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