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Express News | Pangaea Connectivity Technology H1 Gross Margin 9.6%
PANGAEA CONNECT: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Pangaea Connect (01473.HK) plans to hold a board of directors meeting on November 29 to approve the interim results.
Gelonghui announced on November 13 that pangaea connect (01473.HK) will hold a board of directors meeting on November 29, 2024 (Friday) to review and approve the publication of the unaudited interim results announcement of the company and its subsidiaries for the six months ended September 30, 2024, and to consider the proposal for an interim dividend (if any).
PANGAEA CONNECT: DATE OF BOARD MEETING
Pangaea Connectivity Announced Positive Profit Alert. Expected 1H Net Profit to Be Not Less Than RMB14 Million, With Increase in Sales Driven by AI Products
Pangaea Connect (01473.HK) profit alert: expected to turn losses into profits in the medium term.
Pangaea Connect (01473.HK) announced on October 15th that the group expects to achieve a net profit of not less than 140 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net loss of about 140 million Hong Kong dollars in the same period last year. The expected unaudited comprehensive post-tax net profit turnaround to profit from loss is mainly due to a significant increase of over 70% in revenue to approximately 600 million Hong Kong dollars for the six months ending September 30, 2023. The increase in revenue is consistent with the increase in sales and gross margin due to the increase in sales of AI products, with the increase attributed to strong market demand.
Don't Ignore The Insider Selling In Pangaea Connectivity Technology
