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  • Teamway Intl GP (01239.HK) issued a profit warning: It is expected that the mid-term loss attributable to owners of the parent company will increase by about 80% to 90%.

TEAMWAY INTL GP(01239.HK)盈警：预计中期母公司拥有人应占亏损增加约80%至90%

Teamway Intl GP (01239.HK) issued a profit warning: It is expected that the mid-term loss attributable to owners of the parent company will increase by about 80% to 90%.

Gelonghui Finance ·  Aug 7, 2024 18:02

TEAMWAY INTL GP (01239.HK) announced on August 7 that the group is expected to record a loss attributable to owners of the parent company for the six months ended June 30, 2024, which is expected to increase by about 80%-90%, or approximately RMB 23,360,000, compared to the same period last year.

The expected increase is mainly due to the following reasons: (i) weak demand from customers resulting in a decrease in sales of packaging products and structural components; and (ii) decreasing economies of scale due to the lack of mass production, leading to a decrease in gross margin.

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