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Jiujiuwang Food Reports 2024 Annual Results With Revenue Decline
JIUJIUWANG: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
JIUJIUWANG (01927.HK) Earnings Warning: Expected net loss of 3.6 million yuan in 2024.
On March 31, the announcement from JIUJIUWANG (01927.HK) states that the group anticipates a net loss of approximately RMB 3.6 million for the fiscal year ending December 31, 2024, according to the preliminary assessment of the most recent consolidated management accounts, discussions with the company's auditors, and existing information from the Board of Directors. In comparison, a net profit of approximately RMB 4.9 million was recorded for the fiscal year ending December 31, 2023. This decrease is primarily due to the expected increase in credit impairment losses of approximately RMB 7.9 million.
Express News | Jiujiuwang Food International Ltd - Decrease Due to Impairment of Expected Credit Loss of RMB7.9 Mln
Express News | Jiujiuwang Food International Ltd - Expects Net Loss of RMB3.6 Mln for 2024
JIUJIUWANG: PROFIT WARNING
