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Express News | Nanfang Communication Holdings FY Gross Margin 18.3%
NANFANG COMM: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
NANFANG COMM (01617.HK) profit alert: expected net income and comprehensive income for 2024 is between 38 million yuan and 42 million yuan.
On March 21, Gelonghui reported that NANFANG COMM (01617.HK) announced that the group expects to record a net income and comprehensive income of approximately RMB 38 million to RMB 42 million for the year ending December 31, 2024, compared to a net income and comprehensive income of approximately RMB 5.2 million for the year ending December 31, 2023. The Board of Directors believes that the improvement in full-year performance for the year ending December 31, 2024, is mainly due to the following factors: 1. A decrease in raw material costs reducing sales costs, driving gross margin and gross margin increase; and 2. Changes in the fair value of financial assets denominated in foreign currencies.
Express News | Nanfang Communication Holdings Ltd - Result Due to Lower Raw Material Costs, Others in FY
Express News | Nanfang Communication - Expected Profit and Total Comprehensive Income of RMB38-42 Million in FY
NANFANG COMM (01617.HK) will hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 14, Glonghui reported that NANFANG COMM (01617.HK) announced it will hold a Board of Directors meeting on March 28, 2025, to approve the annual performance announcement for the year ending December 31, 2024, and to consider the proposal for the final dividend distribution (if any).
