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RAFFLESINTERIOR: INTERIM REPORT 2024
RAFFLES INTERIOR (01376.HK) mid-term earnings decreased by about 54.1% to 24.3 million new yuan
RAFFLES INTERIOR (01376.HK) announced on August 30th that for the 6 months ending June 30th, 2024, the group's overall income decreased by approximately 54.1% year-on-year to approximately 24.3 million Singapore dollars. The company's net profit attributable to owners is approximately 0.392 million Singapore dollars. The board of directors does not recommend the payment of any interim dividends for the 6 months ending June 30th, 2024 (0 for the 6 months ending June 30th, 2023). For the 6 months ending June 30th, 2024, the company primarily sells to C-end retail customers. The company has established a partnership with China Petroleum & Chemical Corporation.
RAFFLESINTERIOR: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Raffles Interior to Shrink Loss in H1
Raffles Interior (01376.HK) is expected to see a decrease in net profit of up to 1 million Singapore dollars in the medium term.
Raffles Interior (01376.HK) issued a profit warning, expecting to record a profit after tax of no more than 1 million Singapore dollars for the six months ending June of this year, compared to a net profit of approximately 2.2 million new dollars in the same period last year. The group expects the decrease in net profit to be mainly attributed to a decline in revenue from the renovation division and losses incurred from the revaluation of convertible bonds on June 30 this year.
RAFFLESINTERIOR: PROFIT WARNING
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