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EXTRAWELL PHAR: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Hong Kong stocks fluctuated丨After announcing positive earnings, extrawell phar surged by 54% at one point.
On November 20, Gelonghui reported that the stock of extrawell phar (0858.HK) soared, rising 54.17% during trading to reach 0.074 Hong Kong dollars, with a relatively low trading volume, totaling only 1.41 million Hong Kong dollars to date. The group issued a profit alert, expecting a turnaround to profitability with mid-term results reaching 0.1 billion to -0.105 billion Hong Kong dollars by the end of September this year, attributed to gains from changes in the fair value of non-cash items. (Gelonghui)
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Extrawell Pharmaceutical to Turn to Profit in Fiscal H1
Extrawell Phar (00858.HK) profit alert: expected to record a profit of approximately 0.1 billion Hong Kong dollars to -0.105 billion Hong Kong dollars in the midterm.
On November 19, Gloshu reported that extrawell phar (00858.HK) announced that for the six months ending September 30, 2024, the group expects to record a profit ranging from 0.1 billion Hong Kong dollars to 0.105 billion Hong Kong dollars, compared to a loss for the six months ending September 30, 2023. The turnaround from loss to profit during the expected period is primarily due to non-cash items, as gains arising from fair value changes of financial assets (namely the group's convertible bond investments) are recognized in profit or loss, while in the corresponding period of 2023, the same non-cash item recorded a loss from fair value changes.
Yingxi, extrawell phar (00858.HK), is expected to turn a profit in the mid-term, earning up to 0.105 billion yuan.
Extrawell phar (00858.HK) announced a profit, expecting to record a profit of between 0.1 billion and 0.105 billion yuan for the six months ending September this year, compared to a loss in the same period last year. The group expects the turnaround from loss to profit during the period mainly due to non-cash items, resulting from the fair value changes of financial assets recognized in profit or loss, whereas in the corresponding period last year, the same non-cash items recorded fair value changes losses.
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