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Ruixin International H1 Loss Shrinks
Ruixin Int'l (00724.HK) issues profit warning: expected to incur a loss of approximately 21 million HKD in the first half of the year.
Ruixin Int'l (00724.HK) announced that it is expected to report a loss of around HKD 21 million for the six months ending on June 30, 2024, while it incurred a loss of about HKD 34.8 million for the six months ending on June 30, 2023. The expected reduction in losses during the reporting period is mainly due to the decrease in losses from the electronic product business operation, which was offset by the increase in interest expenses estimated from the convertible bonds and shareholder loans. Due to the weak global economic environment, global tariff protection issues, rising interest rates, the fast progress, development, and intense competition in the industry, combined with the group's poor financial situation,
Express News | Ruixin International - Expected Result Due to Decrease in Operating Loss for Electronic Products Business, Others
Express News | Ruixin International Sees Loss of Around HK$21.0 Mln for Six Months
RUIXIN INT'L: SUPPLEMENTAL ANNOUNCEMENT ANDUPDATE ON THE 2023 ANNUAL REPORT
RUIXIN INT'L: Annual Report 2023
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