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Ch Modern D (01117.HK) will hold a board of directors meeting on August 27 to approve the mid-year performance.
Modern Dairy (01117.HK) announced on August 12 that the board of directors will hold a meeting on August 27, 2024, to review and approve the mid-year performance of the company and its subsidiaries as of June 30, 2024, as well as the proposal for distribution of interim dividends (if any).
CH MODERN D: DATE OF BOARD MEETING
China Modern Dairy Holdings Ltd.'s (HKG:1117) P/E Is On The Mark
China Modern Dairy Expects to Turn to Loss in H1
CH modern D is expected to achieve a 16% to 21% growth in cash EBITDA in the midterm.
Ch Modern Dairy (01117) announced that during the six-month period ending on June 30, 2024, the group is expected to have a net loss of RMB 0.18 billion to 0.24 billion, while during the six-month period ending on June 30, 2023, it achieved a net income of RMB 0.218 billion. However, the group is expected to obtain cash EBITDA between RMB 1.48 billion and 1.54 billion during this period, an increase of about RMB 0.209 billion to 0.269 billion or 16% to 21% compared to the same period in 2023, which is fully reflective in the current challenging market environment.
China Modern Dairy: Fair Value Change in Biological Assets Weighed on Results >1117.HK