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24-11-2022, 08:42 AM
Profit warning:
https://www1.hkexnews.hk/listedco/listco...300670.pdf
Expected 60-70 millions profit for FY, or 34-44 mill for 2nd half. Adjusted for a 1 time expense for Millistrong of 33 mill gives approx. 67-77 mill. 2nd half.
Government subsidies were not mentioned, so I assume it was similar to the 18.4 mill from a year ago. Subtracting this would give a 'normalized' profit of approx 49-59 mill or approx. 8 cents per share in 2nd half.
Business was closed for 84 days in first half, 20 days in 2nd half,.
8 cents per half year was a very typical result pre-Covid19 (eg. 8.1 cents in H1 2019/20, 7.7 cents in H2 2019/20), i guess we currently sit around 10 cents in 2nd half further adjusting for these 20 closed days. Lifting full potential may require HK reopening & economy to pick up.
https://www1.hkexnews.hk/listedco/listco...300670.pdf
Expected 60-70 millions profit for FY, or 34-44 mill for 2nd half. Adjusted for a 1 time expense for Millistrong of 33 mill gives approx. 67-77 mill. 2nd half.
Government subsidies were not mentioned, so I assume it was similar to the 18.4 mill from a year ago. Subtracting this would give a 'normalized' profit of approx 49-59 mill or approx. 8 cents per share in 2nd half.
Business was closed for 84 days in first half, 20 days in 2nd half,.
8 cents per half year was a very typical result pre-Covid19 (eg. 8.1 cents in H1 2019/20, 7.7 cents in H2 2019/20), i guess we currently sit around 10 cents in 2nd half further adjusting for these 20 closed days. Lifting full potential may require HK reopening & economy to pick up.