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Coolpad Group Expects Substantial Loss Reduction
Coolpad Group (02369.HK) expects a net loss of about 90 million to 95 million Hong Kong dollars in the first half of the year.
Coolpad Group (02369.HK) announced on September 5th that the Group is expected to record an estimated net loss attributable to owners of the company of approximately HKD 220 million to HKD 225 million for the fiscal year 2023, compared to a net loss of approximately HKD 625 million for the same period in 2022. The decrease in net loss is mainly due to the transformation of gross loss into gross profit, as well as significant reductions in sales and distribution expenses, as well as administrative and other expenses. The improvement is a result of the Group's adjustment to its product branding and sales incentive policies in 2023, as well as the restructuring of its composite channel structure, with a focus on reshaping its operator channels and launching low-cost e-commerce channels. Additionally,
Express News | Coolpad Group Ltd - Expected Result Due to Significant Reduction in Selling and Distribution Expenses, Others
Express News | Coolpad Group Ltd Sees Net Loss Attributable in Range of HK$220 Mln to HK$225 Mln for FY2023
COOLPAD GROUP: INSIDE INFORMATION - REDUCTION IN LOSS
Coolpad Group (02369): Delayed publication of 2024 interim performance.
Coolpad Group (02369) announced in a statement that, according to recent discussions with the company's auditor, it is currently estimated that the annual audit of 2023 will be...
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礼尚往来 : What’s the point of playing with the ticket