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Minsheng Securities: It is difficult for pulp prices to fall and the volatility is increasing, and profit improvement is expected.
On the one hand, the pulp production capacity of the above-mentioned companies is relatively low, while on the other hand, paper prices have strong resilience, and profit improvement can be expected.
The annual equity shareholder's loss of IWS (00923.HK) has increased by 62.6% to 64.7 million Hong Kong dollars.
On June 26, GlobeNewswire reported that IWS (00923.HK) announced that for the fiscal year ending March 31, 2024, the company's revenue increased by 0.9% to HKD 42,700,000; gross margin increased from 59.0% to 59.4%; equity shareholders' loss increased by 62.6% to HKD 64,700,000; and the basic loss per share was 1.3 Hong Kong cents (compared to 0.8 Hong Kong cents in fiscal year 2023).
IWS: ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
Iws (00923.HK) plans to hold a board of directors meeting on June 26 to approve the annual performance.
On June 13th, Gelunhui announced that IWS (00923.HK) will hold a board of directors meeting on Wednesday, June 26, 2024 to approve the annual performance report of the company and its subsidiaries for the fiscal year ending March 31, 2024, and to consider recommending the distribution of dividends (if applicable).
Integrated Waste Solutions Expects Wider Loss for Fiscal 2024
Integrated Waste Solutions Group Holdings (HKG:0923) expects loss attributable to shareholders will increase by approximately 60% to 70% for the year ended March 31, compared with a loss of roughly HK
IWS (00923.HK) warns of a loss: Expected annual shareholder loss increased by about 60% to 70%.
IWS (00923.HK) announced on June 11th that the company expects shareholders' loss for the year ending March 31, 2024 to increase by about 60% to 70%, while shareholders' loss of approximately HKD 39.8 million was recorded in the previous year. The net loss increase is mainly due to the provision for impairment losses of a joint venture company and the increase in losses attributable to a partially owned affiliated company in the fiscal year 2024.
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