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Leadway Tech (02086.HK) announces profit: expected to turn losses into profits in the first half of the year, reaching around 2.1 million HKD.
Leadway Tech (02086.HK) announced on July 26 that the group is expected to achieve a net surplus of about 2.1 million Hong Kong dollars for the six months ending on June 30, 2024, compared with a net loss of 4.4 million Hong Kong dollars for the six months ended June 30, 2023. The board of directors believes that the change from net loss to net surplus is mainly due to the increase in revenue caused by the increase in sales orders received during the reporting period, the reduction in employee costs due to the reduction in staff and effective cost-saving measures resulting in a decrease in other operating expenses.
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Express News | Leadway Technology Investment Group Sees Net Profit of HK$2.1 Mln for Six Months
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LEADWAY TECH: Annual Report 2023
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