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Yangtzekiang Garment Widens Loss for Fiscal 2024, Shares Up Over 3%
Yangtzekiang Garment (HKG:0294) recorded a loss attributable to the equity shareholders of HK$48.2 million for the year ended March 31, 2024, wider than the loss of HK$23.2 from the previous fiscal ye
Yangtzekiang (00294) will distribute a final dividend of HKD 0.02 per share on October 23.
Yangtzekiang Garment (00294) announced that the company will distribute a final dividend of HKD 0 per share on October 23, 2024.
Yangtzekiang (00294.HK) incurred a loss of HKD 48.17 million for the year.
On June 18, Glonhui reported that Yangtzekiang (00294.HK) had a revenue of HKD 234,302,000 for the 2023/24 fiscal year (HKD 365,761,000 for the 2022/23 fiscal year) and an overall loss of HKD 48,172,000 (HKD 23,249,000 loss for the 2022/23 fiscal year). The board of directors recommended a final dividend of 2 Hong Kong cents per ordinary share (2 Hong Kong cents per share for 2023). Despite recording significant losses overall, the group was able to maintain a small operating profit. However, this operating profit is mainly attributed to the company's stability.
YANGTZEKIANG: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MARCH 2024
yangtzekiang (00294.HK) issued a profit warning: an expected annual loss of approximately 45 to 55 million Hong Kong dollars.
On June 11, Guosen News reported that Yangtzekiang (00294.HK) announced that the group expects a loss of approximately HKD 45 million to HKD 55 million for the year ending March 31, 2024, compared to a net loss of HKD 23 million for the year ending March 31, 2023. The Board of Directors believes that the expected loss is mainly due to the following reasons: (1) the group expects revenue and gross profit to decrease by about 35% and 40% respectively, compared to approximately HKD 366 million and HKD 72 million revenue and gross profit in the same period of 2023. The decrease in revenue and gross profit is mainly due to the decline in overseas market demand; (2) the group expects...
Express News | Yangtzekiang Garment Ltd Sees Decrease in Revenue and Gross Profit by 35% and 40% Respectively for Year
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