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Moody Tech Hldg (01400.HK) expects a decrease of approximately 35% in midterm earnings.
Griland reported on August 23 that Moody Tech Hldg (01400.HK) is expected to record the following financial performance for the period: (1) The revenue is expected to decrease by about 35% from approximately RMB 846 million in the same period of the previous year; and (2) The loss attributable to the owners of the company is expected to be no less than RMB 145 million, while the loss in the same period of the previous year was approximately RMB 89 million. The board of directors believes that the decrease in revenue and the increase in loss during the period are mainly due to (i) a decrease in demand for fabric and clothing products, resulting in a decrease in overall revenue and gross profit during the period; and (ii) more administrative expenses incurred during the period, including but not limited to rental expenses, research
Express News | Moody Technology Sees Loss Attributable Not Less Than RMB14.5 Mln for Six Months
Express News | Moody Technology Sees Decrease in Revenue of 35% for Six Months
MOODY TECH HLDG: PROFIT WARNING
Moody Tech Hldg (01400.HK) plans to hold a board of directors meeting on August 30 to approve its mid-term performance.
Moody Tech Hldg (01400.HK) announced on August 15th that the board of directors will hold a meeting on Friday, August 30th, 2024. The purpose of the meeting includes but is not limited to considering and approving the announcement of the company and its subsidiary's interim results as of June 30th, 2024, as well as proposing a recommendation for interim dividends (if any).
MOODY TECH HLDG: NOTICE OF BOARD MEETING
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