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KADER HOLDINGS: INTERIM REPORT 2024
KADER HOLDINGS: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Kader Expects Up to HK$80 Million Loss in H1
Kader Holdings Announces Substantial Mid-Year Losses
《Profit Warning》Kader Holdings (00180.HK) is expected to expand its mid-term losses to a maximum of 80 million yuan.
Kader Holdings (00180.HK) issued a profit warning, expecting a loss of between 70 million and 80 million yuan for the six months ending in June this year, compared to a loss of about 2 million yuan in the same period last year. The management stated that the widening loss was mainly due to reduced revenue, exchange losses, and revaluation losses in investment properties.
Kader Holdings (00180.HK) is expected to incur a loss of approximately 70 million to 80 million Hong Kong dollars in the first half of the year.
Glory Times reported on August 22 that kader holdings (00180.HK) announced that it is expected to record a loss of approximately 70 million Hong Kong dollars to 80 million Hong Kong dollars for the six months ending June 30, 2024, compared to a loss of approximately 2 million Hong Kong dollars for the same period in 2023. The loss is mainly due to reduced income, exchange losses, and losses from the revaluation of investment properties.
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