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The "Earnings Alert" indicates that SUMMIT ASCENT (00102.HK) is expected to turn a loss into a profit of 38 million yuan last year, and will continue to be suspended from trading.
SUMMIT ASCENT (00102.HK) announced a profit alert, expecting to record a profit attributable to shareholders of about 38 million yuan for the year ending December last year, while there was a loss in the same period of 2023. The group believes that the turnaround from loss to profit during the period was mainly due to excellent performance in the mid-stage business, resulting in revenue from Gambling and hotel operations increasing by 12% year-on-year to 0.415 billion yuan; and there were no impairment losses recognized on properties, operations, and equipment during the period, whereas impairment losses were recorded in the 2023 fiscal year. The company remains suspended from trading.
Summit Ascent Holdings Delays 2024 Annual Results Publication Amid Audit Committee Restructuring
Summit Ascent Holdings Announces Positive Profit Alert Amid Trading Suspension
SUMMIT ASCENT (00102) issued a profit warning, expecting the annual profit attributable to Shareholders to be approximately 38 million Hong Kong dollars, reversing losses compared to the same period last year.
SUMMIT ASCENT (00102) announced that the Group expects to achieve an un...
SUMMIT ASCENT: (1) DELAY IN THE PUBLICATION OF THE 2024 ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF THE 2024 ANNUAL REPORT; (2) UPDATE ON DELAY IN THE PUBLICATION OF THE 2023 ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF THE 2023 ANNUAL REPOR...
SUMMIT ASCENT (00102): Lam Hung Tuan has been appointed as Executive Director.
SUMMIT ASCENT (00102) announced that starting from March 11, 2025: Lam Hung Tu...