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MODERN INNO DT: INTERIM RESULTS FOR THE SIX MONTHS ENDED30 SEPTEMBER 2024
Modern Innovative Digital Technology Expects to Swing to Loss in H1, Shares Up 3%
New quality digital technology (02322.HK) earnings warning: expecting a mid-term net loss of approximately 30 million Hong Kong dollars.
Gelonghui on November 22nd announced that Xinzhi Technology (02322.HK) expects to record a net loss of approximately 30 million Hong Kong dollars for the six months ending September 30, 2024, while the Group recorded a net income of about 4 million Hong Kong dollars in the same period in 2023. This change is mainly due to recognizing fair value changes in trading investments of about 33 million Hong Kong dollars in the same period last year, while the current related income is less than 1 million Hong Kong dollars.
Express News | Modern Innovative Digital Technology - Expected Result Due to Less Gains on Changes in Fair Value of Held-for-Trading Investments Vs Pcp
Express News | Modern Innovative Digital Technology Sees Net Loss for Six Months Around HK$30 Mln
MODERN INNO DT: PROFIT WARNING
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kavfam : you read that situation well. looks like a downward spiral.