Classified Group (Holdings) Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record a net loss of not more than HKD 16.0 million as compared to a net loss of approximately HKD 20.4 million recorded for the corresponding period in 2022. Such reduction in loss was mainly attributable to the combined effect of: the closure of two loss making restaurants upon expiry of their respective tenancy agreements in 2022; the reduction of write- down of the inventories to net realisable values; the reduction of impairment loss on right- of-use assets; and more revenue generated from existing restaurants although there were significant reduction in government subsidies and rent concessions related to COVID-19.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
0.355 HKD | -4.05% |
|
-11.25% | -30.39% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-30.39% | 2.53M | |
+30.72% | 7.41B | |
-0.98% | 768M | |
0.00% | 293M | |
-13.43% | 140M | |
-22.12% | 76.62M |
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- Classified Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2023