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Grown Up Group Forecasts Rising Net Loss
Grown up group (01842.HK) is expected to incur a loss increase of approximately 3.4 million Hong Kong dollars in the first half of the year.
Grown up group (01842.HK) announced on August 9th that the group may record a net loss increase of approximately 3.4 million Hong Kong dollars in the first half of 2024, while a net loss of about 2.7 million Hong Kong dollars was recorded in the first half of 2023. This is mainly due to the average gross margin falling from about 16.3% in the first half of 2023 to about 14.5% in the first half of 2024, as well as a fair value change of securities investment turning from profit to loss, which caused a loss of about 2.2 million Hong Kong dollars.
Express News | Grown up Group Investment - Expected Result Due to Decrease in Average Gross Margin to 14.5% for Hy2024, Others
Express News | Grown up Group Investment Sees Increase in Net Loss by HK$3.4 Mln for Hy2024
Express News | Grown up Group Investment Holdings H1 Gross Margin 14.5%
GROWN UP GROUP: PROFIT WARNING
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Moo-it Moo-it : History repeats itself
buy the dips OP : it does and I was compared to Short because it ended in red yesterday but my associated said it might drop a couple but build itself back up I've been watching this stock about a month now and I sense it was coming
93momo07 : Can I still buy it?
buy the dips OP 93momo07 : am no expert but I would wait for the next pump
102340285 : I was thinking that the operators would continue to push the stock back up, so I did not let go.
For those thinking of buying this stock, it's shit stock.
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