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Hong Kong Food Investment Holdings Swings To Loss in H1
HK FOOD INV: ANNUAL REPORT 2024
Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
hk food inv (00060.HK) appointed Ting Yu Wong as executive director.
On July 2nd, GeLonghui reported that Huang Tingyu has been appointed as the company's executive director of Hong Kong Food Investment (00060.HK), effective from July 1, 2024.
Express News | Hong Kong Food Investment - Appointment of Wong Anita Ting Yuk as Executive Director
Annual net loss of hk food inv (00060.HK) was 19.352 million HKD.
Hong Kong Food Investment (00060.HK) announced that for the fiscal year ending March 31, 2024, they achieved a revenue of HKD 212 million, a decrease of 8.5% year-on-year; gross profit of HKD 45.316 million, a decrease of 10.5% year-on-year; and a net loss attributable to equity holders of the company of HKD 19.352 million, compared to a net profit attributable to equity holders of the company of HKD 1.05 million for the same period last year. Basic and diluted loss per share was 7.45 HK cents.
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