Skyworth Group Warns of 50% Lower H1 Profit

MT Newswires Live
29 Jul

Skyworth Group (HKG:0751) expects a 50% year-over-year decline in post-tax profit for the six months ended June 30, a Tuesday Hong Kong bourse filing said.

The smart television maker attributed the anticipated downbeat forecast to an impairment provision for some properties under its construction development wing and a higher impairment provision for related property inventories.

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