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Some Confidence Is Lacking In Ko Yo Chemical (Group) Limited (HKG:827) As Shares Slide 27%
KO YO GROUP: Clarification Announcement
Ko Yo Chemical (Group) Loss Widens in H1
Ko Yo Group (00827.HK) issued a profit warning: expected to have a mid-term loss of approximately 0.13 billion yuan.
On August 5th, Gelunhui reported that Ko Yo Group (00827.HK) expects to record a loss of approximately RMB 129.7 million for the six months ended June 30, 2024, an increase of approximately RMB 26.9 million compared to a loss of approximately RMB 102.8 million for the same period last year. The main reason for the group's increased losses is due to the rise in prices of Henry Hub natural gas, which has led to a decline in the gross margin of the group's products. The average gross margin for the group's products for the six months ended June 30, 2024 is expected to be approximately 5.5%, while the average gross margin for the same period last year was approximately 8.
Express News | Ko Yo Chemical (Group) Ltd - Expected Result Due to Decrease in Gross Profit Margin of Group's Products, Among Others
Express News | Ko Yo Chemical (Group) Ltd Sees Loss of RMB129.7 Mln for Six Months
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