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Jolimark Expects Losses to Balloon in H1; Shares Up 13%
Jolimark Holdings Forecasts Increased H1 Losses
Jolimark (02028.HK) warns of a loss: expected mid-term loss of 40 million to 45 million yuan.
On August 8, Glorious Holdings (02028.HK) announced that compared to the same period last year, it lost RMB 344.31 million. The group expects to record a loss of RMB 4-4.5 million for the six months ending June 30, 2024. The main reason for the increased loss was due to the provision for long-term assets impairment.
Express News | Jolimark Holdings Ltd - Expected Result Due to Provision for Impairment of Long-Term Assets
Express News | Jolimark Holdings Sees Loss Between RMB40 Mln and RMB45 Mln for Six Months
Risks Still Elevated At These Prices As Jolimark Holdings Limited (HKG:2028) Shares Dive 30%
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