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KING'S FLAIR: Interim Report 2024
Kochin (06822.HK) subsidiary opens nanomaterial production center, Sun Dong: Hong Kong government to launch 10 billion yuan new industrial acceleration program application.
Asia Vets (06822.HK), a subsidiary of King's Flair, NanoShields Technology Limited, opened its nanomaterial production center today (27th). The project is located in the advanced manufacturing center of the Tseung Kwan O Innovation Park and is one of the first projects funded under the Hong Kong Innovation and Technology Bureau's New Industrialization Funding Scheme. It will establish an efficient and intelligent production line. In the opening ceremony, the Secretary for Innovation and Technology, Mr. Sun Dong, stated that the project embodies the government's substantial support for the development of new productive forces and the promotion of new industrialization, demonstrating the effectiveness and potential of cooperation between the government, industry, academia, and research.
The interim net profit of king's flair (06822.HK) fell by 54.7% to 3.43 million yuan, no dividend is paid.
King's Flair (06822.HK) announced its interim performance for the six months ending in June, with revenue of 0.333 billion yuan, a slight decrease of 0.4% year-on-year. Recorded a net profit of 3.43 million yuan, a decline of 54.7%, with earnings per share of 0.5 cents. No interim dividend will be paid.
King's Flair Posts Mixed Mid-Year Financials
King's Flair (06822) released its interim results, with a net profit attributable to shareholders of HKD 3.426 million, a decrease of 54.7% year-on-year.
King's Flair (06822) announced its interim performance for the six months ended June 30, 2024, and the Group achieved income...
King's Flair (06822.HK) interim owners' share of net profit decreased by approximately 54.7% to approximately 3.4 million Hong Kong dollars.
King's Flair (06822.HK) announced on August 26 that for the six months ending on June 30, 2024, the Group was able to maintain a consistent level of income, with income reaching approximately 0.33 billion Hong Kong dollars, a slight decrease of about 0.4% compared to the same period last year. The decrease in income was mainly due to the decrease in income from mainland China when presented in Hong Kong dollars, as well as a decrease in sales in the Asia region. The attributable profit of the company's owners decreased by approximately 54.7% to about 3.4 million Hong Kong dollars. Earnings per share were 0.5 Hong Kong cents. The decrease in attributable profit of the company's owners was mainly due to the continued loss of fair value of investment properties during the period.
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