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Sterling Group Holdings Swings to Loss in Fiscal 2024
Sterling Group Holdings (HKG:1825) swung to a loss of HK$18.4 million in the year ended March 31 from HK$19.9 million in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exc
Sterling GP (01825.HK) had a net loss of HKD 18.36 million this year, compared to a profit last year.
On June 28th, Sterling GP (01825.HK) announced that for the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 571,391,000, which is equivalent to approximately HKD 623,433,000 in the previous year. Despite the deteriorating business environment and increased pricing pressure, the group maintained a gross margin of 16.1% for the reviewed year, compared to 17.2% for the same period. It suffered a loss of HKD 18.36 million during the year, a decrease compared to the profit of HKD 19.93 million for the same period in the previous year.
Meizhen Group (01825) announced its annual performance with a net loss of 18.36 million Hong Kong dollars, a year-on-year switch from profit to loss.
According to the annual performance report ending on March 31, 2024 released by Beauty and Joy International (01825), the group achieved a revenue of HKD 571 million, a year-on-year decrease of 8.35%; a loss of HKD 18.36 million for the year, compared to a net profit of HKD 199.27 million in the same period last year; and a loss per share of 7.65 HK cents. The announcement stated that considering the severe macroeconomic environment of high interest rates and weakened consumer confidence, as well as the reduced number of customers, the 8.4% decline in revenue is actually a reflection of a slowdown in growth, which is expected.
STERLING GP: ANNOUNCEMENT OF AUDITED ANNUAL RESULTSFOR THE YEAR ENDED 31 MARCH 2024
Sterling Group Warns of Up to HK$20 Million Full-Year Loss
Sterling Group Holdings (HKG:1825) expects a net loss of between HK$16 million and HK20 million for the fiscal year ended March 31, according to a Wednesday filing on the Hong Kong bourse. The company
Sterling gp (01825) issued a profit warning, expected to incur a net loss of approximately HKD 16-20 million for the year.
Sterling GP (01825) has announced that the group expects to end by March 31, 2024...
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