Regina Miracle International (Holdings) Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, the group is expected to record a drop in net profit of not more than 65% and drop in adjusted net profit (net profit excluding restructuring cost) of not more than 30%, for the year ended 31 March 2024 as compared to the last financial year. Such drop was mainly attributable to the following reasons: (i) a decrease in sales as a result of general global economic downturn and the continuous destocking cycle underwent by its customer brands in this fiscal year, which resulted in operating deleveraging and a drop in production efficiency; (ii) an incurrence of restructuring cost in relation to the relocation of production base in China for production layout optimization; and (iii) the rising interest rates globally leading to an increase in finance cost.
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5-day change | 1st Jan Change | ||
2.4 HKD | 0.00% |
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-5.51% | +11.63% |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+11.63% | 376M | |
-8.74% | 423M | |
-21.17% | 374M | |
-7.18% | 226M | |
-3.50% | 59.5M | |
-12.97% | 57.92M |
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- Regina Miracle International Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2024