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KING'S FLAIR: Interim Report 2024
King's Flair Posts Mixed Mid-Year Financials
king's flair (06822.HK)'s interim net profit attributable to shareholders decreased by approximately 54.7% to approximately HKD 3.4 million.
On August 26th, King's Flair International (06822.HK) announced that for the six months ended June 30, 2024, the group was able to maintain a consistent level of earnings, with earnings reaching approximately 0.33 billion HKD, a slight decrease of about 0.4% compared to the same period last year. This decrease in earnings is mainly due to a decrease in earnings from mainland China when expressed in HKD due to the depreciation of RMB and a decrease in sales in the Asia region. The company's attributable net profit decreased by approximately 54.7% to about 3.4 million HKD. Basic and diluted earnings per share were 0.5 HK cents. The decrease in attributable net profit is mainly due to continued losses in fair value of investment properties during the period.
Express News | King's Flair International (Holdings) H1 Gross Margin 26.3%
Express News | King's Flair International (Holdings) H1 Gross Profit HKD 87.5 Million
KING'S FLAIR: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
King's Flair International (Holdings) Limited (HKG:6822) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
