Daido Group (00544) issued a profit warning, expecting a mid-term net loss of at least HKD 19.6 million attributable to shareholders, turning from profit to loss on a year-on-year basis.

Zhitong Finance · Aug 8, 2024 16:46

Daido Group (00544) announced that the group expects to gain a public...

Daido Group (00544) announced that it is expected to have a net loss...

The board of directors believes that the expected loss is mainly attributed to (1) no one-off gain obtained from the sale of a subsidiary in the same period in 2023; (2) a decrease in revenue from the food and beverage trading and sales business in mainland China by about 45%; and (3) a decrease in revenue from frozen warehouse and related services business by about 15%. The revenue reduction mentioned in (2) and (3) was mainly due to the challenging macroeconomic situation weakening demand for the group's products and services.

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

大同集团(00544)发盈警，预计中期股东应占净亏损约不少于1960万港元 同比盈转亏

Daido Group (00544) issued a profit warning, expecting a mid-term net loss of at least HKD 19.6 million attributable to shareholders, turning from profit to loss on a year-on-year basis.

Risk Disclaimer

Statement

大同集团(00544)发盈警，预计中期股东应占净亏损约不少于1960万港元同比盈转亏