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.
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|
5-day change | 1st Jan Change | ||
0.37 HKD | 0.00% |
|
0.00% | -27.45% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-27.45% | 2.64M | |
-1.06% | 761M | |
0.00% | 289M | |
-12.64% | 139M | |
-22.76% | 75.75M |
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- Classified Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2023