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Express News | Bauhaus International Holdings H1 Gross Margin 73.4%
BAUHAUS INT'L: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Bauhaus Expects Fiscal H1 Net Loss Due to Lower Revenue
bauhaus int'l (00483.HK) is expected to report a net loss of approximately 1 million Hong Kong dollars to -3 million Hong Kong dollars in the mid-term.
Grulonhui, November 8th, bauhaus int'l (00483.HK) announced that it is expected to incur a net loss of approximately 1 million Hong Kong dollars to approximately 3 million Hong Kong dollars for the six months ending September 30, 2024 (2023: net profit of approximately 3.5 million Hong Kong dollars). The performance fell short of expectations mainly due to a slight decrease in retail revenue of about 4.9% during the review period (2024: about 82.5 million Hong Kong dollars; 2023: about 86.8 million Hong Kong dollars) and a slight drop in gross margin to about 73.4% (2023: about 74.4%). The sluggish retail market in Hong Kong and Macao led to a downturn in the local retail market.
Express News | Bauhaus International - Expected Result Due to Decrease in Retail Sales Revenue, Others
Express News | Bauhaus International Sees Net Loss HK$1.0 Mln to HK$3.0 Mln for Six Months
Bauhaus International (Holdings) Limited's (HKG:483) Price Is Right But Growth Is Lacking After Shares Rocket 27%No Data
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