Fujikon Industrial Holdings Limited (HK:0927) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Fujikon Industrial Holdings Limited has issued a profit warning indicating a potential decrease in profit by 30%-35% for the fiscal year ended March 31, 2024, primarily due to reduced sales orders, inventory obsolescence costs, and warranty provisions related to a quality issue with their headphones. Despite these challenges, the company has received new orders for different products from the same customer and has seen no major developments in the quality issue. Investors are advised to exercise caution and await the audited annual results for further details on the company’s performance.
For further insights into HK:0927 stock, check out TipRanks’ Stock Analysis page.
