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WAH WO HOLDINGS: INTERIM REPORT 2024/25
WAH WO HOLDINGS: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Wah Wo Holdings Group Expects Profit in Fiscal H1
Wah Wo Holdings (09938.HK) expects a positive profit announcement: anticipated interim consolidated net profit of 0.7 million to 1.7 million Hong Kong dollars.
Gelonghui announced on November 25 that wah wo holdings (09938.HK) expects the group to record a consolidated net profit of between 0.7 million and 1.7 million Hong Kong dollars for the six months ending September 30, 2024, compared to an unaudited consolidated net loss of approximately 1.6 million Hong Kong dollars for the same period in 2023. The expected turnaround from loss to profit is mainly due to: (i) the execution peak stage of certain existing projects, resulting in significant increases in revenue and gross profit from construction and supporting services of approximately 161 million and 10.1 million Hong Kong dollars, respectively; (ii) a reduction in the fair value loss of investment properties of approximately 2.4 million Hong Kong dollars; however, it is offset by the following.
WAH WO HOLDINGS: POSITIVE PROFIT ALERT
wah wo holdings (09938.HK) will hold a board of directors meeting on November 29th to approve the interim performance.
On November 15, Wah Wo Holdings (09938.HK) announced that the board of directors will hold a board meeting on November 29, 2024, to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending on September 30, 2024, to consider declaring the distribution of interim dividends (if applicable), and to address other matters.
