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Daohe Global Group Expects to Breakeven in H1
Daohe Global Issues Significant Profit Warning
Daohe Global (00915.HK) issues profit warning: Expected mid-year surplus to decrease by no less than 90% to near breakeven point.
Daohe Global (00915.HK) announced on August 12 that the company expects its surplus for the six months ending on June 30, 2024 to decrease by no less than 90% from the same period last year, to nearly break even with a decline of about $600,000. The board of directors believes that the main reasons for the expected decrease in surplus during the reporting period are: 1) a reduction in government subsidies of about $400,000; and 2) a decrease in gross profit compared to the same period last year, in a challenging business environment.
Express News | Daohe Global - Expected Decrease in Profit Due to Reduction in Government Subsidies , Others
Express News | Daohe Global Sees Decrease in Profit for Six Months by Not Less Than 90%
DAOHE GLOBAL: PROFIT WARNING - REDUCTION IN PROFIT
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