No Data
CINESE INTL (01620.HK) profit warning: expect a pre-tax loss of no less than 28 million HKD in 2024.
On March 25, Gelonghui reported that CINESE INTL (01620.HK) announced its latest unaudited consolidated management account preliminary assessment for the year ending December 31, 2024. The group expects to record a loss of not less than 28 million Hong Kong dollars before tax for the year, while for the year ending December 31, 2023, it recorded a profit of approximately 5.2 million Hong Kong dollars before tax. Based on current information, the expected loss before tax for the year is mainly due to the anticipated credit loss provisions for financial assets changing from a reversal of about 1.2 million Hong Kong dollars for the year ending December 31, 2023, to a provision for this year.
Express News | Cinese International - Expected Loss Mainly Due to Turnaround in Ecl Allowance in Year
Express News | Cinese International - Expects Loss Before Income Tax of Not Less Than HK$28 Mln in FY
CINESE INTL: PROFIT WARNING
CINESE INTL (01620.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 18, Gelonghui reported that CINESE INTL (01620.HK) announced that the company plans to hold a Board of Directors meeting on Friday, March 28, 2025, to (including): 1. consider and approve the performance of the company and its subsidiaries for the year ending December 31, 2024, and its publication; 2. consider the proposal for the distribution of a final dividend (if any); 3. consider suspending the transfer of shares registration (if necessary); and 4. address any Other matters (if any).
CINESE INTL [01620] is currently reported at 0.055 Hong Kong dollars, with an increase of 10.00%.
As of 13:55, CINESE INTL [01620] is priced at 0.055 Hong Kong dollars, which is an increase of 0.005 Hong Kong dollars or 10.00% compared to yesterday's closing price of 0.05 Hong Kong dollars, with a transaction amount of 0.0038 million Hong Kong dollars. Today's highest price is 0.055 Hong Kong dollars and the lowest price is 0.054 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 0.05 Hong Kong dollars, and the 50-day average price is 0.06 Hong Kong dollars. The current PE is 20.83 times and the 14-day strength index is reported at 46.67.
