Goal Forward Holdings Limited (01854) said the group is expected to record a significant decrease in profit before professional fees for transfer of listing for the six months ending 30 September 2019 as compared to that of the corresponding period in 2018.
The decrease was primarily attributable to lower revenue and gross profit margin resulted from (i) the increase in cost of raw materials of the group; and the weakening consumer sentiment and the adversity in general in the catering business environment which reduced the bargaining power of the group in adjusting its product pricing.
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