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REM GROUP HLDGS: 2024 INTERIM REPORT
Huaxi Securities: Leading light industry export enterprises' overseas business growth is promising in the future.
On August 29th, Guolonghui|Huaxi Securities research report pointed out that China's light industry outbound enterprises rely on their global integrated industrial chain layout, perfect supply chain, and efficient organizational management capabilities.
Rem Group Hldgs (01750.HK) recorded a year-on-year decrease in interim earnings of approximately 29.8% to HKD 60.2 million.
Grain 8 August 27, Rem Group Hldgs (01750.HK) announced that for the six months ended June 30, 2024, the group's income decreased by approximately 29.8% to around 60.2 million Hong Kong dollars compared to the same period last year. The group recorded a net loss attributable to owners of the company of approximately 2.956 million Hong Kong dollars for the six months ended June 30, 2024, while the net profit attributable to owners of the company for the six months ended June 30, 2023, was approximately 0.537 million Hong Kong dollars. Earnings per share were 0.16 Hong Kong cents. The decrease in income is mainly due to the six months ended June 30, 2024, low-voltage distribution and electrical utilities control.
REM GROUP HLDGS: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Rem Group Warns of Swing to H1 Loss
FullReach Electronics (01750.HK) is expected to report a loss in the first half of the year, with at least a loss of 2.8 million yuan.
Global Digital Holdings Limited (01750.HK) issued a profit warning, expecting a net loss of no less than 2.8 million yuan for the six months ending June of this year, while the net profit for the same period last year was about 0.537 million yuan. The Group stated that the expected loss was mainly due to a decrease in revenue of about 25.6 million yuan or 29.8%, which was caused by the increase in employee costs for local Hong Kong employees, resulting in a decrease in sales orders for low-voltage distribution and control devices, as well as an increase in administrative costs.
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