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Garmin Newsroom
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Grand Ming Group Holdings (01271.HK) issued a profit warning: It is expected that the mid-term net profit will decline by approximately 50% to 60%.
Grangel Holdings HK(01271.HK) announced on November 15 that, for the six months ended September 30, 2024, it is estimated that the Group's net profit for this period will decrease by about 50% to 60% compared to the net profit for the six months ended September 30, 2023, of approximately 0.1111 billion Hong Kong dollars. The announcement stated that the decrease in net profit for this period was mainly due to the significant decrease in revaluation income generated by investment properties in the Group's development in this period compared to the same period last year; however, partially offset by the increase in underlying profit for this period (defined as net profit after tax excluding fair value changes of investment properties). Underlying profit.
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Grand Ming Group Holdings (01271.HK) plans to hold a board of directors meeting on November 26 to approve the mid-term performance.
Grand Ming Holdings (01271.HK) announced that the board of directors' meeting will be held on November 26, 2024 (Tuesday) to consider and approve the unaudited interim performance of the company and its subsidiaries for the six months ended September 30, 2024, as well as to consider the distribution of interim dividends (if any).
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