No Data
No Data
Dynasty Fine Wines Group Foresees Up to 75% Rise in H1 Profit
Dynasty Wines (00828.HK) announced that it expects the mid-term comprehensive profit to increase by approximately 65% to 75%.
On August 7, Growth Group announced that Dynasty Wines (00828.HK) is expected to have an unaudited comprehensive profit range of approximately HK$17,700,000 to HK$18,700,000 for the six months ended June 30, 2024, compared with unaudited comprehensive profit attributable to the company's owners of approximately HK$10,700,000 for the same period in 2023, an increase of approximately 65% to 75%. The board of directors believes that the increase in profits is mainly due to the following factors during the period ending June 30, 2024: (a) moderate increase in sales revenue, and (b) continuous innovation of products and consumer scenarios by the group.
Express News | Dynasty Fine Wines Sees Unaudited Consolidated Profit for Six Months HK$17.7 Mln to HK$18.7 Mln
DYNASTY WINES: POSITIVE PROFIT ALERT
Alcoholic beverage concepts are rising, China Resources Beer (00291) is up 4.17%, and Zhongtai Securities predicts that beer sales may reverse.
Alcoholic beverages concept rises across the board. As of the drafting time, China Res Beer (00291) rose 4.17%, Dynasty Wines (00828) rose 3.77%, Tsingtao Brew (00168) rose 3.53%, San Miguel HK (00236) rose 3.19%. On the news front, Zhongtai Securities believes that the short-term consumption scene for beer will increase with the hosting of the European Cup in late June. Beer consumption continues to heat up, and the volume of customers in fan gathering places such as bars and taverns has greatly increased. The demand for late-night snacks by ‘stay-at-home’ fans has also driven a significant increase in beer orders in instant retail channels. With the weather
Soochow Securities: How to view the baijiu consumption tax reform path and its impact?
Moving the collection of consumption tax to a later stage presents challenges in practical implementation. It is expected that tax reform will be gradual rather than immediate while maintaining a stable foundation, and the probability of a significant increase in tax rates is low. If the tax collection stage is moved, it is expected to further accelerate industry consolidation, and small and medium-sized liquor companies may struggle to cope with the potential profit impact caused by the moving of the tax collection stage.
No Data