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Ev Dynamics to Narrow Fiscal H1 Loss
Ev Dynamics Reports Substantial Reduction in Losses
ev dynamics (00476.HK) expects a mid-term net loss of approximately 20 million to -22 million Hong Kong dollars, a significant narrowing of losses year-on-year.
EV Dynamics (00476.HK) announced on November 20 that the group expects a net loss attributable to owners of the company of approximately 20 to 22 million Hong Kong dollars for the six months ended September 30, 2024, compared to a net loss of 99.3 million Hong Kong dollars for the same period last year. Based on the information currently available, the expected decrease in loss is mainly due to a significant reduction in fair value changes in financial assets recognized in profit or loss compared to the same period last year.
"Profit Warning" ev dynamics (00476.HK) expects the mid-term loss to narrow to a maximum of 22 million yuan.
ev dynamics (00476.HK) announced that it is expected to incur a mid-term loss of approximately 20 million to 22 million yuan for the period ending in September, compared to a loss of 99.3 million yuan for the same period last year. The company stated that the reduction in losses is mainly due to a significant decrease in the fair value change losses of financial assets measured at fair value through profit or loss compared to the same period last year.
EV DYNAMICS: PROFIT ALERT - REDUCTION IN LOSS
Ev Dynamics to Review Interim Results and Dividend
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