Willas-Array Electronics to Trim Losses in April-December 2024

MT NewswiresMar 19 10:51

Willas-Array Electronics Reports Reduced Losses Amid Trading Suspension

TipRanksMar 18 18:09

Willas-Array Electronics Announces Board Meeting and Trading Suspension Update

TipRanksMar 18 18:09

WILLAS-ARRAY (00854.HK) plans to hold a Board of Directors meeting on March 28 to approve the performance for the first nine months.

Gelonghui reported on March 18 that WILLAS-ARRAY (00854.HK) announced that the company will hold a Board of Directors meeting on March 28, 2025 (Friday) to consider and approve the financial performance of the company and its subsidiaries for the nine months ended December 31, 2024, for release and to consider the distribution of a final dividend (if any).

Gelonghui FinanceMar 18 17:58

WILLAS-ARRAY (00854.HK): Expected comprehensive net loss of 52 million to 76 million Hong Kong dollars for the first nine months.

On March 18, Gelonghui reported that WILLAS-ARRAY (00854.HK) announced that, for the nine months ending December 31, 2024 ("the period"), the Board of Directors expects to record a consolidated net loss of approximately 0.169 billion HKD for the year ending March 31, 2024 ("the last year"), whereas the group is likely to record a consolidated net loss of between 52 million HKD and 76 million HKD during the period. The announcement stated that the expected reduction in consolidated net loss during the period is mainly due to: (i) a decrease in foreign exchange losses caused by the depreciation of the Renminbi against the Hong Kong dollar during the period, whereas there was a significant foreign exchange difference in the last year; (ii) a reduction in financing costs.

Gelonghui FinanceMar 18 17:57

WILLAS-ARRAY: Profit Alert - Reduction in Loss

HKEXMar 18 17:54 · Announcements