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Qianhai Health Holdings Schedules Board Meeting for Financial Results and Dividend Consideration
QIANHAI HEALTH: DATE OF BOARD MEETING
Qianhai Health Foresees Return to Profit in 2024
QIANHAI HEALTH (00911.HK) is expected to earn 1.3 million Hong Kong dollars in the 2024 fiscal year, turning from loss to profit compared to the same period last year.
On March 6, Guolonghui announced that QIANHAI HEALTH (00911.HK) expects to record a profit attributable to Shareholders of approximately 1.3 million Hong Kong dollars, a turnaround from a loss of about 52.7 million Hong Kong dollars for the year ending December 31, 2023. The annual turnaround to profit is primarily due to the following key reasons: (i) a shift from a gross loss in the previous year to a gross profit in this year of approximately 29.7 million Hong Kong dollars, resulting from the group's strategic shift towards selling a product mix with higher profits; (ii) a one-time gain of about 51.9 million Hong Kong dollars from the disposal of subsidiaries; and (iii) offsetting losses due to electronic Components products.
Express News | Qianhai Health - Expected Turnaround Due to Higher-Margin Product MiX and One-off Gain in FY
QIANHAI HEALTH: POSITIVE PROFIT ALERT
