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Golden Resources Development International Expects Loss in Fiscal H1
《Profit Warning》Kin Yuen Development International (00677.HK) may suffer a turnover of 4.6 million yuan in the first half of the year.
Golden Res Dev (00677.HK) issued a profit warning, expecting a loss of 4.6 million yuan in the six months ending in September compared to a profit of 82.3 million yuan in the same period last year. The shift from profit to loss was mainly due to a revaluation loss of approximately 13.9 million yuan on investment properties; a rise in overall sales and distribution costs of 16.5 million yuan; however, a reduction in certain tax expenses offset by 24.2 million yuan.
Golden res dev (00677.HK) expects a shift from profit to loss in the interim period.
Golden Res Dev (00677.HK) announced on November 15 that the company expects to record a shareholder attributable loss of approximately 4,600,000 Hong Kong dollars for the six months ending September 30, 2024; compared to a shareholder attributable profit of approximately 82,300,000 Hong Kong dollars for the same period in 2023. The board of directors believes that the expected change from profit to loss for the six months ending September 30, 2024 is mainly due to the comprehensive impact of the following reasons: (i) a revaluation loss of approximately 13,900,000 Hong Kong dollars on investment properties in the current period, compared to a revaluation surplus of approximately 79,8 for investment properties in the same period in 2023.
GOLDEN RES DEV: INSIDE INFORMATION AND PROFIT WARNING
GOLDEN RES DEV: 2024 ANNUAL REPORT
China Chain Operation Association: In 2023, the sales scale of China's top 100 supermarkets is 868 billion yuan, a year-on-year decrease of 7.3%.
In the year 2023, the sales scale of the top 100 supermarkets in China was 868 billion yuan, with a total of 0.0238 million stores, a decrease of 7.3% and 16.2% respectively compared to the previous year's top 100 supermarkets.
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