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China In-Tech Fiscal H1 Loss Widens; Shares Up 7%
CHINA IN-TECH: INTERIM REPORT 2025
CHINA IN-TECH: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
China In-Tech Limited Issues Profit Warning
China in-tech (00464.HK) warns of a loss: expected interim net loss not exceeding 23.5 million Hong Kong dollars.
Gelonghui on November 26th China In-tech (00464.HK) announced that it expects the Group to incur a net loss of no more than 23.5 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net loss of about 8.3 million Hong Kong dollars for the six months ending September 30, 2023. The board of directors believes that the expected increase in losses is mainly due to reduced revenue and a decrease in gross margin. The decrease in gross margin is mainly due to increases in material costs and wages.
Express News | China in-Tech Sees Decrease in Revenue and Deterioration of Gross Profit Margin for Hy
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