Restaurant operator Tung Lok Restaurants(2000) warns that it will report a loss for its FT2025 ended March.
The company expects to be profitable for the more recent 2HFY2025 ended March.
However, it will not be enough to offset losses of $2.6 million already incurred in 1HFY2025 ended Sept 2024.
Tung Lok blames the net loss to lower revenue, arising from the challenging economic environment which has affected overall sales.
The company expects to report its results on or before May 30.
Tung Lok shares last traded at 8.9 cents, down 19.09% year to date.
