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Royal Deluxe Holdings Swings to Loss in Six Months to September
Royal Deluxe (03789.HK) mid-term income decreased by about 7.0% to approximately 0.336 billion Hong Kong dollars.
On November 28, Growth Capital (03789.HK) announced that the group's income decreased by approximately 25.4 million Hong Kong dollars or about 7.0% from the same period last year to approximately 335.6 million Hong Kong dollars for the six months ended September 30, 2024. The decrease in income was mainly due to delays in land instructions and change assessments of a significant sub-contracting contract for the integrated theater (L2) during the period, as well as delays in the sub-contracting contract for the public housing construction template in Area 103, Tung Chung. The attributable profit to owners of the company decreased by approximately 10.5 million Hong Kong dollars or 138 million Hong Kong dollars from approximately 7.6 million Hong Kong dollars in the same period last year.
ROYAL DELUXE: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Royal Deluxe (03789.HK) plans to hold a board of directors meeting on November 28 to approve the interim performance.
Grants 11月18th｜Royal Deluxe Holdings (03789.HK) announced that the company will hold a board of directors meeting on November 28, 2024 (Thursday) to consider and approve (including) the group's unaudited interim performance for the six months ended September 30, 2024, as well as to consider the distribution of interim dividends (if any).
Royal Deluxe Expects Swing to Loss in Fiscal H1
Royal Deluxe (03789.HK) issued a profit warning: expected to switch from profit to loss in the midterm.
On November 13, Gelonghui reported that Royal Deluxe (03789.HK) announced that the company expects to record a loss attributable to shareholders of approximately 4.8 million HKD to approximately 9.8 million HKD for the six months ending September 30, 2024, while the same period last year recorded a profit attributable to shareholders of approximately 7.6 million HKD. The board of directors believes that the turnaround from profit to loss is mainly due to (1) the revaluation resulting in impairment loss provisions for right-of-use assets and the leased land and buildings under property, plant and equipment; (2) Some projects are delayed due to changes in subcontracting agreements, resulting in additional costs; and (3) a major subcontract.
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