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BAUHAUS INT'L: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Bauhaus Expects Fiscal H1 Net Loss Due to Lower Revenue
bauhaus int'l (00483.HK) is expected to record a mid-term net loss of approximately 1 million Hong Kong dollars to -3 million Hong Kong dollars.
On November 8, Geelong announced that bauhaus int'l (00483.HK) expects to incur a net loss of approximately 1 million Hong Kong dollars to approximately 3 million Hong Kong dollars for the six months ended September 30, 2024 (2023: net profit of approximately 3.5 million Hong Kong dollars). The performance fell short of expectations mainly due to a slight decrease in retail revenue of about 4.9% during the review period (2024: about 82.5 million Hong Kong dollars; 2023: about 86.8 million Hong Kong dollars) and a slight decrease in gross margin to about 73.4% (2023: about 74.4%). The sluggish retail market in Hong Kong and Macau led to the downturn in the local retail market.
BoCom International (00483.HK) is expected to see a mid-year profit to loss turnaround, with a maximum erosion of approximately 3 million yuan.
Bauhaus Int'l (00483.HK) expects to record a net loss of approximately 1 million yuan to 3 million yuan for the six months ending September 30, compared to a net profit of approximately 3.5 million yuan in the same period last year. The unsatisfactory performance is mainly due to a slight decrease of about 4.9% in retail revenue and a slight decline in gross margin to approximately 73.4% during the review period.
Selected announcements | KN Hospital's total outpatient cost per visit in the first three quarters increased by 1.4% year-on-year; Beigene: granted share purchase rights and restricted share units.
jringrui hldgs accumulated contract sales in the first 9 months amounted to 1.466 billion yuan, a decrease of 53.49% year-on-year; cu venture inv: delayed publication of 2023/2024 annual performance, continue suspension of trading.
Bauhaus International's CFO Steps Down
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