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Sun Hing Vision Group Expects Loss to Widen in Fiscal H1
Sun hing vision (00125.HK) will hold a board of directors meeting on November 29 to approve the publication of the interim results.
Gelonghui November 19th | Sun Hing Vision (00125.HK) announced that the board of directors meeting will be held on November 29, 2024 (Friday), aiming to approve the publication of the company's mid-year performance as of September 30, 2024, and decide on the proposed interim dividend (if any).
Sun hing vision (00125.HK) issues a profit warning: a mid-term loss is expected to be between 10 million and 13 million Hong Kong dollars.
Grong Hui, November 19th | Sun Hing Vision (00125.HK) announced that the group is expected to record a loss attributable to owners of the company of approximately 10 million Hong Kong dollars to 13 million Hong Kong dollars for the six months ended September 30, 2024, compared to a loss attributable to owners of the company of approximately 2 million Hong Kong dollars for the six months ended September 30, 2023. The announcement stated that the expected loss is mainly due to the following factors: the group's gross margin decreased in the review period, mainly due to the impact of price reductions caused by intense industry competition; and other income, revenue and losses decreased compared to the same period last year, mainly attributed to
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