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Express News | LH Group FY Revenue HKD 1,056 Million
LH GROUP: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
LH Group Limited Schedules Board Meeting to Discuss Annual Results and Dividend
LH GROUP: NOTICE OF BOARD MEETING
LH Group Limited Issues Profit Warning Amid Revenue Decline
LH GROUP (01978.HK) issues a profit warning: it is expected that the loss attributable to Shareholders in 2024 will not exceed 36 million HKD.
On March 14, GrunHui reported that LH GROUP (01978.HK) announced that it expects to record a loss attributable to Shareholders of not more than 36 million Hong Kong dollars for the year ending December 31, 2024, compared to a profit attributable to Shareholders of approximately 88.1 million Hong Kong dollars for the year ending December 31, 2023. According to the information currently available from the Board of Directors, the shift from profit to loss is mainly due to the following reasons: (1) Revenue in the current review year decreased compared to the year ending December 31, 2023, primarily driven by the overall local Dining consumption being weaker than in 2023; and (2) during the current review year, the Group's investment in certain projects...
