The Zhitong Finance App learned that in October, rice fields (09676) fell by more than 5%. As of press release, it fell 4.58% to HK$22.9, with a turnover of HK$1,677,800.
According to the news, Rice Field recently issued a profit warning in October. Although the Group expects revenue for the year ended December 31, 2023 to increase compared to the same period in 2022, adjusted net profit (not measured by IFRS) will drop by more than 45% compared to the same period in 2022. This is mainly due to sales performance falling short of expectations; due to natural disasters, prices of raw materials such as rice rose, leading to an increase in product costs and pressure on the Group's profit margins.