Chervon Holdings Limited Provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expects to record a net loss in the range of approximately USD 35 million to USD 40 million, a compared to a net profit of approximately USD 139 million recorded for the year ended December 31, 2022. Such expected decrease in the net profit during the Reporting Period is primarily due to: (i) a decline in revenue caused by more conservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development and the sales channel infrastructure; (iii) additional provision for write-down of inventories and warranty; and (iv) the share of loss of an associate of the Group.
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5-day change | 1st Jan Change | ||
27.45 HKD | -1.96% | +31.65% | +15.09% |
05-09 | Chervon Logs High-Double-Digit Growth in April | MT |
04-25 | Chervon Holdings Limited Recommends No Final Dividend for the Year Ended December 31, 2023 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+15.09% | 1.8B | |
+14.38% | 86.04B | |
+18.36% | 36.93B | |
+24.23% | 34.44B | |
+8.61% | 27.97B | |
+5.22% | 27.27B | |
+7.61% | 27.11B | |
+21.55% | 26.56B | |
+19.44% | 25.25B | |
+20.45% | 18.53B |
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- Chervon Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2023