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STAR SHINE HLDG: Interim Report 2024
STAR SHINE HLDG: (1) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024 AND (2) CHANGE IN USE OF PROCEEDS
Haitong Sec: The inventory of polyester filament factories continues to deplete, hoping for improved end demand.
Continuous destocking of filament inventory, haitong sec expects downstream demand to further improve with the approaching of the traditional peak season in september-october.
Star Shine to Shrink Loss by 82% in H1
Singholdings (01440.HK) is expected to narrow its mid-term loss to 1 million HKD.
Singholdings (01440.HK) issued a profit warning, and it is expected to record a net loss of about 1 million yuan RMB for the six months ending in June of this year, a significant decrease of about 82.1% compared to the same period last year. The board of directors believes that the estimated reduction in losses is mainly due to the outstanding performance of the footwear business, resulting in a five to six-fold increase in the group's expected income.
Singholdings (01440.HK) expects a significant reduction of approximately 82.1% in net loss for the first half of the year.
On August 16th, Gelunhui reported that according to the unaudited comprehensive management accounts of Star Holdings (01440.HK) and the current information obtained by the company as of June 30, 2024, the group estimated a net loss of about 1 million yuan, a significant decrease of about 82.1% compared to the same period in 2023. The board of directors believes that the significant decline in the estimated losses for the six months ended June 30, 2024 is mainly due to the outstanding performance of the footwear business, leading to the group's expected revenue for the six months ended June 30, 2024 to increase to 5 to 6 times that of the same period in 2023.
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