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Volcano Spring Expects Increased H1 2024 Losses
Volcano Spring International Holdings (Stock Code: 01715.HK) issued a profit warning: it is expected to incur a net loss of no less than approximately 23 million yuan in the first half of the year after tax deduction.
On August 8th, GeLongHui announced that Volcano Spring International Holdings Limited (01715.HK) expects to record a loss after tax of no less than RMB 23 million for the six months ending on June 30, 2024, while a loss after tax of approximately RMB 20.6 million was recorded in the same period of 2023. As of the six months ending on June 30, 2024, the group continued to be affected by the deterioration of economic growth and high inflation and interest rates. Consumers are still cautious in their consumption. These factors have a negative impact on the group's financial performance. The expected increase in net loss for the six months ending on June 30, 2024 is mainly attributed
Express News | Volcano Spring International Sees Decrease in Revenue by 40% From RMB51.7 Mln for Six Months
Express News | Volcano Spring International Sees Net Loss After Tax of Not Less Than RMB23.0 Mln for Six Months
VOLCANO SPRING: PROFIT WARNING
Volcano Spring International Chairman Resigns; Successor Named
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