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Guan Chao Swings to Loss in 2024
GUAN CHAO HLDGS (01872.HK) expects revenue to increase by approximately 5.5% to 0.19 billion Singapore dollars in the fiscal year 2024.
On March 31, Ge Long Hui announced that GUAN CHAO HLDGS (01872.HK) reported an increase in group revenue of approximately 5.5% to about 190.9 million Singapore dollars for the fiscal year 2024, mainly due to an increase in Autos sales of about 8.9 million Singapore dollars or 5.3%. The group recorded a loss of approximately 3.1 million Singapore dollars for the fiscal year 2024, compared to a profit of about 7.7 million Singapore dollars for the fiscal year 2023. The decrease in profit for fiscal year 2024 was mainly due to (i) a decrease in Other income - net of approximately 2.2 million Singapore dollars; and (ii) an increase in general and administrative expenses of approximately 7.9 million Singapore dollars.
GUAN CHAO HLDGS (01872) released its annual results, reporting a loss attributable to Shareholders of 3.24 million Singapore dollars, turning from profit to loss year-on-year.
GUAN CHAO HLDGS (01872) announced its annual results for the year ending December 31, 2024, with a group revenue of 0.191 billion...
GUAN CHAO HLDGS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
Guan Chao Holdings Limited (HKG:1872) Stock Rockets 85% As Investors Are Less Pessimistic Than Expected
GUAN CHAO HLDGS (01872.HK) will hold a Board of Directors meeting on March 31 to approve the annual performance.
Gelonghui March 18丨GUAN CHAO HLDGS (01872.HK) announced that the Board of Directors meeting will be held on March 31, 2025, to approve the announcement of the annual performance results for the year ending December 31, 2024, for the company and its subsidiaries, as well as to consider the proposal for the distribution of a final dividend (if any).