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luk fook hold (00590.HK) issued a profit warning: expected mid-year profit is expected to decrease by about fifty percent.
Luk Fook Holdings (00590.HK) announced on November 21st that based on a preliminary review of the unaudited draft of the comprehensive management accounts for the six months ended September 30, 2024 ("2025 first half fiscal year"/"period"), the Group expects its profit for the period to decrease by about fifty percent compared to the same period last year, mainly due to a significant increase in gold hedging losses and a decrease in gold product sales during the period. Excluding the impact of gold hedging losses, the adjusted profit decline for the period is expected to narrow to less than 30%.
Announcement Highlights | alibaba announced the integration to establish the E-commerce Business Group; boyaa's profit for the first three quarters increased by 149.4% year-on-year to 0.212 billion yuan
In the third quarter, baidu's net income was 7.632 billion yuan, a year-on-year increase of 14%; cosco shipping holdings invested 1 billion yuan to subscribe for 75 million yuan of additional capital in Anji logistics.
Luk Fook Warns of 50% Profit Decline in Fiscal H1
LUK FOOK HOLD: PROFIT WARNING
luk fook hold (00590.HK) will hold a board of directors meeting on November 26th to approve the mid-term performance.
Grants 11th of November, luk fook hold (00590.HK) announced that the company will hold a board of directors meeting on the 26th of November 2024 (Tuesday) to approve (including) the company and its subsidiaries' interim performance up to the 30th of September 2024 for 6 months and its release, as well as consider the payment of interim dividends (if any).
LUK FOOK HOLD: DATE OF BOARD MEETING
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