Hong Kong Market Alert: GOLDEN THROAT (06896) Tumbles Over 20% After Profit Warning, Q1 Net Profit Forecast Down 40% on Higher Selling Costs
Stock News
Aug 21
Shares of GOLDEN THROAT (06896) plunged more than 20% in Hong Kong trading following the company's profit warning. As of the latest update, the stock was down 20.32% at HK$2.47, with a turnover of HK$4.8375 million.
On the evening of August 20, GOLDEN THROAT issued a profit alert, projecting that its net profit for the six months ending June 30, 2026, would decline by approximately 43% compared to the same period last year.
The anticipated drop in profitability is primarily attributed to a rise in selling expenses resulting from expanded promotional activities, which have weighed on the company's earnings for the first half of 2026. The company expects to publish its interim results before the end of August.
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