HSSP INTL (03626) announced that the Group is expected to have a loss of not more than 3 million Hong Kong dollars for the year ending on June 30, 2024...
According to the Zhìtōng Finance APP, HSSP INTL (03626) announced that the Group is expected to have a loss of not more than 3 million Hong Kong dollars for the year ending on June 30, 2024, compared with a loss of approximately 26 million Hong Kong dollars for the year ending on June 30, 2023.
The main reasons for the expected decrease in the Group's losses in the 2024 financial year compared to the 2023 financial year are: no impairment losses on non-financial assets of the Group; one-off gains from the sale of properties, factories, and equipment; improvement in the performance of the printing business segment and the sales and distribution operations of the food, daily necessities, and utility products segment, leading to increased revenues and gross profits for the Group; and the launch of new restaurant business segments in Hong Kong, China for the 2024 financial year.