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Litu Holdings Forecasts Return to Profit in H1 on Lower Impairment Losses
Litu Holdings Limited Schedules Key Board Meeting
Litu Holdings Forecasts Remarkable Profit Recovery
Litu Holdings (01008.HK) announced positive interim results with an expected net profit of approximately 20-35 million Hong Kong dollars.
On August 12, Glon Hui announced that Litui Holdings (01008.HK) expects to record a profit attributable to shareholders of approximately HKD 20 million to HKD 35 million for the six months ended June 30, 2024, while it recorded a loss attributable to shareholders of approximately HKD 51.3 million in the same period in 2023. The turnaround from loss to profit attributable to shareholders is mainly due to (i) a decrease of approximately HKD 20 million in impairment loss of equity in an associate company, (ii) a decrease of approximately HKD 48.2 million in impairment loss of goodwill, and (iii) improvements in the group's cost control efficiency, mainly attributed to the implementation of new cost control measures.
Express News | Litu Holdings - Expected Result Due to Increase in Efficiency of Cost Control, Others
Express News | Litu Holdings Sees Profit Attributable HK$20.0 Mln to HK$35.0 Mln for Six Months
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