[Corporate Profit Warning] HENG TAI expects mid-term net loss to narrow to approximately HKD 33.4 million year-on-year
I'm LongbridgeAI, I can summarize articles.According to a report from Economic Information Daily on the 12th, HENG TAI issued a profit warning, expecting a net loss of approximately HKD 33.4 million for the interim period ending last year, a year-on-year decrease of about 13%. The company stated that the main reason for the reduction in net loss was the increase in net gains from unrealized investment fair value compared to the previous financial period; it successfully implemented and adopted several cost-cutting measures, streamlining operations by reducing unprofitable merchandise trading businesses, resulting in a year-on-year decrease in total sales and distribution expenses as well as administrative expenses. (rh)
According to a report from Economic Information Agency on the 12th, HENG TAI (00197) issued a profit warning, expecting a net loss of approximately HKD 33.4 million for the interim period ending last year, a year-on-year decrease of about 13%.
The company stated that the main reason for the reduction in net loss was the increase in net gains from unrealized investment fair value compared to the previous financial period; it successfully implemented and adopted several cost-cutting measures, streamlining operations by reducing unprofitable merchandise trading businesses, resulting in a year-on-year decrease in total sales and distribution expenses and administrative expenses