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SHUNTEN INTL: 2024/2025 INTERIM REPORT
SHUNTEN INTL: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Shunten International Expects to Swing to Loss in H1
Shunten intl (00932) issued a profit warning, expecting a mid-term shareholder to account for a comprehensive loss of approximately 2 million to 6 million Hong Kong dollars.
shunten intl (00932) announced that the group expects to... by the six months ending on September 30, 2024.
shunten intl (00932.HK) held a board of directors meeting on November 28 to approve the publication of mid-term performance.
Galunhui November 15th | Shunten Intl Holdings (00932.HK) announced that the board of directors will hold a meeting on November 28, 2024 (Thursday), where the board will pass resolutions, including approving the publication of the unaudited interim performance for the six months up to September 30, 2024, of the company and its subsidiaries, as well as considering the distribution of dividends (if any).
Profit warning: shunten intl (00932.HK) is expected to turn from profit to loss in the middle term, eroding up to 6 million yuan.
Shunten intl (00932.HK) expects that for the six months ending September 30, 2024, the consolidated loss will be between approximately 2 million and approximately 6 million yuan, compared to a consolidated profit of about 10.8 million yuan in the same period last year. The board of directors believes that the anticipated loss is mainly due to the weak conditions in the local retail market and the weak consumer sentiment in Hong Kong and Macau, along with decreased spending power of travelers and changes in consumption patterns, resulting in reduced revenue and gross profit; and a decrease in the fair value of investment properties during the relevant period.
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