Tung Lok Restaurants guides for a net loss for the 1HFY2024 ended Sept 30, compared to a net profit for the same period a year ago.
This is mainly attributable to the decrease in the group’s revenue as a result of the challenging economic environment, which has affected overall sales, reads a release by the group.
The group says that its performance in the first half of the financial year is typically weaker than that of the second half.
It will disclose its full results for the 1HFY2024 by Nov 14.
Shares in Tung Lok Restaurant closed 0.1 cents higher or 0.877% up at 11.5 cents on Oct 25.
