Catalist-listed restaurant groups Tung Lok Restaurants and Japan Foods Holding (JFH) separately issued profit warnings on Oct 25, underscoring the challenges that restaurant operators are facing.
The food businesses warned that they expect to incur net losses for the half-year ended Sept 30, 2024, with both noting the challenging economic environment. They did not comment on the extent of the losses.
Tung Lok had registered a net profit in the year-ago period, as well as the preceding six-month period ended March 31, 2024, which closed its previous financial year.
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