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JIASHILI GP: 2024 INTERIM REPORT
JIASHILI GP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2024
Jiashili Group Forecasts Lower Profit in H1
"Profit warning" Jashili Group (01285.HK) is expected to decrease profits by 22%-29% in the first half of the year.
Jiashili Group (01285.HK) has issued a profit warning, expecting a net profit between 20.5 million and 22.5 million RMB for the six-month period ending in June, a decrease of 21.9% to 28.8% compared to the same period last year. The decrease is due to a decrease in sales of the cookie division during the period; and an increase in administrative expenses due to capacity expansion.
Jiashili gp (01285.HK) issued a profit warning: expected mid-term net profit to decrease by about 21.9% to about 28.8% year-on-year.
On August 26, jiashili gp (01285.HK) announced that based on its preliminary review of the unaudited consolidated management accounts for the six months ended June 30, 2024, and the information currently available to the board of directors, the board of directors expects the group to record a net profit attributable to owners of the company of approximately RMB 20.5 million to RMB 22.5 million for the reporting period, a decrease of approximately 21.9% to 28.8% compared to the same period last year. The expected decrease in net profit attributable to owners of the company during the reporting period is mainly due to: (i) sales of the biscuit division of the group during the reporting period.
JIASHILI GP: PROFIT WARNING
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