No Data
ELATE HOLDINGS: 2024 Interim Report
ELATE HOLDINGS: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Huaxi Securities: Leading light industry export enterprises' overseas business growth is promising in the future.
On August 29th, Guolonghui|Huaxi Securities research report pointed out that China's light industry outbound enterprises rely on their global integrated industrial chain layout, perfect supply chain, and efficient organizational management capabilities.
Elate Holdings Anticipates Profit Surge in H1
Elate Holdings (00076.HK) profit delight: expected net income of 27.7 million US dollars for the mid-term
Elate Holdings (00076.HK) announced on August 22 that the group is expected to record a net income attributable to shareholders of approximately 27.7 million US dollars for the six months ending June 30, 2024 (compared to approximately 0.3 million US dollars in the same period of 2023). The board of directors believes that the increase in net income for the six months ending June 30, 2024, is mainly due to the one-time fair value gain of about 26.8 million US dollars recognized in the income statement for financial assets measured at fair value. Excluding the one-time fair value gain on financial assets, the company's net income is approximately 0.9 million US dollars, double the profit from the same period last year.
In July, the industry developed rapidly according to Northeast Securities. The weak recovery trend of the general sector continued, and equipment updates are expected to accelerate.
In July, the national industrial value-added of scale enterprises increased by 5.1%, a decrease of 0.2 percentage points compared to the previous period.
No Data
No Data