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Express News | New Sparkle Roll International Group H1 Revenue HKD 1,046.1 Million
NEW SPARKLEROLL: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
New Sparkle Roll International Warns of Tenfold Increase in Fiscal H1 Loss
new sparkleroll (00970.HK) will hold a board of directors meeting on November 29 to approve the mid-term performance.
Gelonghui, on November 18, announced that new sparkleroll (00970.HK) will hold a board of directors meeting on November 29, 2024, to address (including) the consideration and approval of the interim results for the six-month period ending September 30, 2024, and to consider the proposal for the distribution of an interim dividend (if any).
new sparkleroll (00970.HK) is expected to incur a mid-term loss of approximately 0.57 billion Hong Kong dollars
On November 18, Gelonghui reported that new sparkleroll (00970.HK) announced that the group expects to record a loss attributable to shareholders of approximately HKD 570,000,000 for the six months ending September 30, 2024, compared to a loss of approximately HKD 52,000,000 for the same period last year. The board of directors believes that the expected increase in the loss attributable to shareholders is mainly due to a decrease of approximately 40% and 48% in the group's revenue and gross profit during this period, respectively. The decrease in the group's revenue and gross profit mainly involves (i) the ongoing weak market atmosphere and fierce competition in the group's autos business during this period, leading to
Express News | New Sparkle Roll International Sees Loss Attributable of HK$570 Mln for Six Months
