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Carry Wealth Holdings Issues Profit Warning Amid Increased Costs
CARRY WEALTH (00643.HK) expects an annual loss of approximately 33.8 million Hong Kong dollars.
On March 18, Grlonghui announced that CARRY WEALTH (00643.HK) expects to incur a loss of approximately HKD 33.8 million for the fiscal year ending December 31, 2024, despite an increase in revenue expectations, compared to a loss of approximately HKD 8.9 million in the previous fiscal year. This performance is primarily attributed to: (a) one-time layoff costs and idle costs of approximately HKD 3.8 million and HKD 4 million, respectively, related to the shutdown of the Heshan factory; (b) an increase in depreciation expenses of approximately HKD 3 million due to the acquisition of properties, plants, equipment, and right-of-use assets this year; and (c) overseas factory output this year.
Express News | Carry Wealth - Expected Result Due to One-off Redundancy Costs in FY, Others
Express News | Carry Wealth Holdings Ltd - Expected Loss of HK$33.8 Million for 2024
CARRY WEALTH: PROFIT WARNING
Carry Wealth Holdings Limited's (HKG:643) 36% Share Price Plunge Could Signal Some Risk
