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Huabao International to Swing to Loss in 2024
HUABAO INTL (00336.HK) expects an annual pre-tax loss of 0.305 billion to 0.455 billion yuan.
On January 24, Gulonghui reported that HUABAO INTL (00336.HK) announced that the company expects to record a pre-tax loss of between RMB 0.305 billion and RMB 0.455 billion for the year ending December 31, 2024 (including non-cash impairment of goodwill and other assets, as well as other provisions), while the same period last year recorded a pre-tax profit of approximately RMB 0.416 billion. The pre-tax loss for this year is mainly due to: 1) the flavor and food ingredients business's smoke flavor asset group is expected to record a goodwill impairment loss of approximately RMB 0.48 billion to RMB 0.53 billion; 2) other goodwill (including regenerated tobacco leaves) and asset impairment.
Express News | Huabao International - Loss Before Tax for Year Was Primarily Due to Impairment Loss on Goodwill of Tobacco Flavors Assets, Others
Express News | Huabao International Sees FY Net Loss Attributable for Huabao Flavours & Fragrances RMB260 Mln to RMB390 Mln
HUABAO INTL: INSIDE INFORMATION ANNOUNCEMENT ON THE PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024 OF HUABAO FLAVOURS & FRAGRANCES CO., LTD.
Huabao International Bags Nearly 40 Million Yuan Worth of Orders From Associate
Revenues Not Telling The Story For Huabao International Holdings Limited (HKG:336)
