Herald Holdings Limited provided earnings guidance for the year ended March 31, 2024. For the period, the company expected to record a net loss attributable to the equity Shareholders in the range of HKD 5 million to HKD 15 million for the year ended 31 March 2024 (year ended 31 March 2023: a net profit attributable to the equity Shareholders of HKD 82.3 million). Such change is mainly attributable to the decline in customer demand as a result of a tight spending environment and retailers cutting back on inventories, the absence of the net gain from the disposal of a Hong Kong property (year ended 31 March 2023: HKD 22.5 million), and net valuation losses on investment properties of approximately HKD 7 million (year ended 31 March 2023: net valuation gains of HKD 1.8 million).
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5-day change | 1st Jan Change | ||
0.445 HKD | +5.95% |
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+7.23% | -7.29% |
01:18pm | Herald Holdings Swings to Fiscal Year 2024 Loss | MT |
05-21 | Herald Holdings to Swing to Fiscal 2024 Loss | MT |
1st Jan change | Capi. | |
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-7.29% | 32.51M | |
+16.84% | 62.92B | |
+81.63% | 5.68B | |
+41.81% | 1.75B | |
-37.66% | 313M | |
+23.94% | 306M | |
-35.47% | 305M | |
-31.01% | 238M | |
-40.77% | 206M | |
+16.41% | 141M |
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- Herald Holdings Limited Provides Earnings Guidance for the Year Ended March 31, 2024