QINGHUA HOLD (08082) Issues Profit Warning, Expects Interim Net Loss of Approximately HK$26-31 Million
Stock News
Aug 26
QINGHUA HOLD (08082) announced that compared to the net loss of approximately HK$8.59 million for the six months ended June 30, 2024, the group expects to record a net loss of between approximately HK$26 million to HK$31 million for the six months ended June 30, 2025. The significant increase in losses for the period and the loss attributable to owners of the company during the period is mainly due to poor market performance of concerts invested in and organized, resulting in gross profit of only approximately HK$0.7 million, compared to gross profit of approximately HK$43.2 million for the six months ended June 30, 2024.
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