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ZO Future Group Issues Profit Warning Amid Increased Losses

Story Highlights
  • ZO Future Group expects a significant increase in losses for the year ending June 2025.
  • Losses are driven by decreased broadcasting income and increased operating expenses.
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ZO Future Group Issues Profit Warning Amid Increased Losses

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Birmingham Sports Holdings Limited ( (HK:2309) ) just unveiled an update.

ZO Future Group has issued a profit warning, indicating a significant increase in losses for the year ending June 30, 2025, compared to the previous year. The loss is attributed to several factors, including decreased broadcasting income due to Birmingham City Football Club’s relegation, increased finance costs, higher operating expenses, and increased amortization of intangible assets. Despite these challenges, there were some positive offsets, such as gains on financial assets and increased match day receipts.

The most recent analyst rating on (HK:2309) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Birmingham Sports Holdings Limited stock, see the HK:2309 Stock Forecast page.

More about Birmingham Sports Holdings Limited

Average Trading Volume: 3,472,192

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.6B

See more data about 2309 stock on TipRanks’ Stock Analysis page.

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