Royal Deluxe Expects Swing to Loss in Fiscal H1

MT NewswiresNov 13 06:50 ET

Royal Deluxe Holdings Projects Significant Loss Amid Challenges

TipRanksNov 13 05:40 ET

Royal Deluxe (03789.HK) issues profit warning: expected to change from profit to loss in the mid-term.

Grain 13th of November, Royal Deluxe (03789.HK) announced that the company is expected to record a loss attributable to owners of the company of approximately 4.8 million to 9.8 million Hong Kong dollars for the six months ending September 30, 2024, compared to a profit attributable to owners of the company of approximately 7.6 million Hong Kong dollars in the same period last year. The board of directors believes that the above-mentioned shift from profit to loss is mainly due to (1) revaluation resulting in impairment loss provisions for rights of use assets and leasehold land and buildings under property, plant, and equipment; (2) delays in progress due to changes in subcontracting agreements in certain projects, resulting in additional costs; and (3) a major subcontract.

Gelonghui FinanceNov 13 05:16 ET

Express News | Royal Deluxe - Expected Result Due to Delay in Progress of Certain Projects Due to Changes in Subcontract Agreements, Others

ReutersNov 13 05:14 ET

Express News | Royal Deluxe Sees Loss Attributable for Six Months HK$4.8 Mln to HK$9.8 Mln

ReutersNov 13 05:14 ET

ROYAL DELUXE: PROFIT WARNING

HKEXNov 13 05:13 ET · Announcements