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Regina Miracle International Profit to Fall Up to 40% in Six Months to September
Regina Miracle (02199.HK) issued a profit warning: It is expected that the net profit for the mid-term will drop by no more than 40%.
On November 21, Glonghui announced that regina miracle (02199.HK) expects the group will record a net profit decline of no more than 40% for the six months ending September 30, 2024, compared to the same period in 2023. This decline in net profit is mainly attributed to: (i) increased restructuring costs related to relocating the production base in china to optimize the production layout; (ii) increased financial costs due to consistently high global interest rates during this period; and (iii) expansion costs in the initial operation of the Zhaoqing plant. Nevertheless, compared to the second half of the previous fiscal year, the group's overall financial performance, including sales, gross profit, and net profit, has shown significant improvement.
REGINA MIRACLE: PROFIT WARNING
Regina Miracle Board Meeting to Discuss Interim Results
Regina Miracle (02199.HK) plans to hold a board of directors meeting on November 27 to approve the mid-term performance.
Gelonghui on November 15 announced that regina miracle (02199.HK) will hold a board of directors meeting on November 27, 2024 (Wednesday), among other matters, to approve the publication of the interim performance announcement of the company and its subsidiaries for the six months ending September 30, 2024, as well as to consider the distribution of an interim dividend (if any).
REGINA MIRACLE: Date of Board Meeting
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