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Leader Education Forecasts Drop in FY2024 Profit
Leader edu (01449.HK): Expected annual after-tax consolidated profit net amount is 18 million to 20 million yuan.
Gelonghui, November 22 – Leader edu (01449.HK) announced that for the year ending August 31, 2024, the group expects to record a net comprehensive profit after tax of approximately 18 million to 20 million yuan, compared to approximately 57.6 million yuan for the year ending August 31, 2023 ("previous period"). The announcement stated that the decline in profit is mainly due to an increase in financing costs. Due to the need for funds to allocate for the construction of schools and campuses and to support the group's general operating capital requirements, the increase in banks and other borrowings has led to higher financing costs for this period.
Express News | Leader Education - Expected Result Due to Increase in Finance Cost, Others
Express News | Leader Education Ltd Sees CONSOL Net Profit After Tax of RMB18 Mln to RMB20 Mln for Year
LEADER EDU: PROFIT WARNING
Leader edu (01449.HK) plans to hold a board of directors meeting on November 29 to approve the annual performance.
Gelonghui announced on November 19 that leader edu (01449.HK) has scheduled a board of directors meeting on November 29, 2024 (Friday) to review and approve the annual performance and publication of the company and its subsidiaries for the year ending August 31, 2024, and to consider the proposal for the final dividend payment (if any).
Leader Education Limited (HKG:1449) Held Back By Insufficient Growth Even After Shares Climb 28%No Data
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