The group says that its performance in the first half of the financial year is typically weaker than that of the second half.
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.
