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CLASSIFIED GP: 2023 ANNUAL REPORT
CLASSIFIED GP (08232) released annual results. The loss attributable to shareholders was HK$15.346 million, a year-on-year decrease of 27.74%
CLASSIFIED GP (08232) Announces Annual Results Ended 31/31/2023...
CLASSIFIED GP: 2023 ANNUAL RESULTS ANNOUNCEMENT
CLASSIFIED GP (08232) is forecasting a year-on-year net loss narrowing to no more than HK$16 million
According to the Zhitong Finance App, CLASSIFIED GP (08232) announced that the Group expects a net loss of no more than HK$16 million for the year ended December 31, 2023, and a net loss of approximately HK$20.4 million for the same period in 2022. The loss reduction was mainly due to the following combined effects: the two loss-making restaurants each closed after the expiration of the 2022 lease agreement; depreciation of inventory to a reduction in net realizable value; reduction in impairment losses on right-to-use assets; and revenue from existing restaurants despite significant reductions in government subsidies and rental concessions related to COVID-19
CLASSIFIED GP: PROFIT ALERT - REDUCTION IN LOSS
Huatai Securities's 24-year Food and Beverage Outlook: Demand Recovery Expectations Are Steady, Focus on Three Main Lines
The Zhitong Finance App learned that Huatai Securities released a research report saying that considering the current internal and external environment, overall demand in the food and beverage sector is expected to recover steadily in '24. Combined with the current low valuation (CS Food and Drink PETTM is in the 9% quartile since 2018) and optimism about the long-term potential of domestic food and beverage consumption, the sector still has medium- to long-term allocation value.
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