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Fairwood Holdings (00052.HK) plans to hold a board of directors meeting on November 29 to approve the mid-term performance.
Grants 19th of November, Fairwood Hold (00052.HK) announced that the company will hold a board of directors meeting on the 29th of November 2024 (Friday) at the 2nd floor of Eu Yan Sang Commercial Centre, 18 Taikoo Wan Road, North Point, Hong Kong, to consider and approve the mid-term performance of the company and its subsidiaries for the six months ended 30th September 2024, as well as to consider the proposal for the distribution of interim dividends (if any).
FAIRWOOD HOLD: Date of Board Meeting
MUSIC-FILLED COMEDY SERIES FAIRWOOD GREENLIT FOR A SECOND SEASON
Fairwood Holdings (00052.HK) issued a profit warning: It is expected that the mid-term net profit will decrease by 50% to 60%.
Gluing November 4th, Fairwood Holdings (00052.HK) announced that for the six months ended September 30, 2024, the group recorded a 50% to 60% decrease in the shareholders' share of profits for the period compared to the six months ended September 30, 2023, amounting to approximately HK$36.3 million. The announcement stated that this decline was mainly attributed to (1) the continued trend of mainland residents going north to consume; (2) downgrading of consumption in China, Hong Kong, and mainland China; (3) the closure during this period of stores that did not meet performance standards resulting in increased relevant expenses and impairment provisions compared to the same period last year.
Express News | Fairwood Holdings - Expected Result Due to Continuation of Northbound Spending Trends of Local Residents, Others
Express News | Fairwood Sees Decrease of 50% to 60% in Profit Attributable for Six Months
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