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artini hldg announced its interim results with a net profit of 1.071 million Hong Kong dollars, turning losses into profits year-on-year.
Artini Holdings (00789) announced its interim performance for the 6 months ended September 30, 2024, achieving a profit of 54.164 million Hong Kong dollars, a year-on-year increase of 131.6%; during the period, a profit of 1.071 million Hong Kong dollars was obtained, while a loss of 4.147 million Hong Kong dollars was incurred in the same period last year; earnings per share were 0.001 Hong Kong dollars. The increase in group income for this period was due to the sales revenue of the fashion accessories platform business increasing from approximately 23.387 million Hong Kong dollars for the 6 months ended September 30, 2023 to approximately 42.799 million Hong Kong dollars for the 6 months ended September 30, 2024; as well as sales platform for beauty and health products.
ARTINI HLDG: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Artini Holding (00789.HK) plans to hold a board of directors meeting on November 28 to approve interim performance.
Gelonghui reported on November 18 that artini hldg (00789.HK) announced that the company has scheduled a board of directors meeting for November 28, 2024 (Thursday) to address the following items (including): 1. Considering and approving the company's and its subsidiaries' unaudited interim results for the six months ended September 30, 2024 ("interim results"); 2. Considering and approving the announcement of the interim results to be published on the Stock Exchange and the company's website; 3. Considering the recommendation of payment of an interim dividend (if any); 4. Considering and approving other matters (if any).
Artini to Swing to Profit in Fiscal H1
The artini hldg (00789.HK) is expected to return to profit in the middle term with a maximum profit of 1.5 million yuan for "Yingxi".
artini hldg (00789.HK) announced that it expects interim profits for the period ending September to be between approximately 1 million and 1.5 million yuan, compared to a loss of 4.1 million yuan in the same period last year. The company indicated that the turnaround was mainly due to other income and net gains of about 6 million yuan, primarily resulting from a one-time gain of approximately 9.1 million yuan following the deregistration of a subsidiary.
artini hldg (00789.HK): Xie Haizhou resigns as an executive director
Grants 1 November artini hldg (00789.HK) announced that Mr. Xie Haizhou has resigned as an executive director, citing his intention to focus on other business development. Mr. Liu Yaojie has resigned as an independent non-executive director, as well as a member of the company's audit committee, nomination committee, and remuneration committee, effective as of 1 November 2024, citing his intention to focus on other business development.