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HK stocks unusual movement | lisi gp hold (00526) fell by nearly 20% again, expected to incur a loss of up to 30 million yuan in the medium term, turning from profit to loss year-on-year.
lisi gp hold (00526) fell nearly 20% again, with the stock closing down over 19% yesterday. As of the time of publication, it dropped by 19.75%, to 0.13 Hong Kong dollars, with a turnover of 6.6594 million Hong Kong dollars.
Lisi Group to Swing to Loss in Fiscal H1
lisi gp hold (00526.HK) expects a mid-term net loss not exceeding 30 million yuan.
Gelonghui reported on November 15 that lisi gp hold (00526.HK) announced that the company expects to record a net loss of no more than 30,000,000 yuan for the six months ending September 30, 2024, compared to a net income of approximately 293,200,000 yuan in the same period last year. The board of directors believes that the significant decrease in profits is mainly due to the following reasons: (1) For the six months ending September 30, 2023, the group recorded a pre-tax net income of approximately 131,200,000 yuan due to the local government of Ningbo, china reclaiming land; (2) The group expects to incur losses due to
LISI GP HOLD: ANNOUNCEMENT - (1) PROFIT WARNING AND (2) DELAY IN APPOINTMENT OF DIRECTOR
lisi gp hold (00526.HK) will hold a board of directors meeting on November 28 to approve the mid-term performance.
The lisi gp hold (00526.HK) announced on October 29 that the board of directors will hold a board meeting on November 28, 2024, to review (including) the mid-term performance for the six months ending September 30, 2024, and recommend the declaration of mid-term dividends (if any).
LISI GP HOLD: ANNOUNCEMENT (1) NOTIFICATION OF BOARD MEETING AND (2) CLARIFICATION
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