No Data
KINGDOM HOLDING (00528) expects a shareholder loss of approximately 40 million yuan to 60 million yuan for the year 2024.
KINGDOM HOLDING (00528) issued an announcement regarding the net profit of RMB... for the fiscal year ending December 31, 2023.
KINGDOM HOLDING: SUPPLEMENTAL ANNOUNCEMENT INSIDE INFORMATION PROFIT WARNING
Kingdom Holdings Expects to Swing to 2024 Net Loss From CNY162.8M Profit in 2023
KINGDOM HOLDING (00528.HK) warns of profits: it is expected to record a loss for the year.
On February 6, Gelonghui reported that KINGDOM HOLDING (00528.HK) announced that it is expected the group will record a loss for the year ending December 31, 2024, compared to a net profit of 0.163 billion yuan for the year ending December 31, 2023. The expected loss is mainly driven by the sharp rise in raw material prices over the past few years, leading to a significant expansion of the area planted with flax in regions suitable for cultivation around the Global. Farmers have expanded their planting areas to profit from the price increase. However, with the abundant harvest of flax in 2024, the supply of flax fiber is expected to increase significantly. Due to changes in supply and demand.
Express News | Kingdom Holdings Sees Inventory Impairment Provision of RMB200 Mln as of Dec 31
Express News | Kingdom Holdings - Expected Loss Due to Increase in Global Flax Cultivation Areas Across Various Regions, Others
