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RELIANCE GLO HL: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Reliance Global Expects Wider Losses in Six Months to September
Reliance Glo Hl (00723.HK) expects a net loss of no more than 13 million Hong Kong dollars for the interim period.
Glory Holdings announced on November 21 that reliance glo hl (00723.HK) expects to report a net loss of no more than 13 million HKD for the half-year ending 2024, compared to a loss of approximately 3.68 million HKD for the six months ended September 30, 2023. The group's performance was primarily affected by (i) losses recorded from the group's timber supply chain operations, mainly due to margin pressure, the escalation of the Russia-Ukraine war, and the outbreak of the israeli-palestinian conflict, which led to soaring energy costs in europe and significant increases in production, transportation, and freight costs, as well as impairment losses on trade receivables; and (ii)
Express News | Reliance Global - Expected Result Due to Loss Recorded by Group's Timber Supply Chain Ops, Others
Express News | Reliance Global Sees Hy2024 Net Loss Not More Than HK$13 Mln
RELIANCE GLO HL: PROFIT WARNING
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