01173 VEEKO INT'L
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VEEKO INT'L News
VEEKO INT'L: ANNUAL REPORT 2024
Veeko Int’l (01173) released annual financial results, with a net loss of 40,043,000 Hong Kong dollars.
Weeko int'l (01173) released its annual performance as of March 31, 2024. The group's revenue was 587 million Hong Kong dollars, a YoY increase of 24.14%. The annual loss was 40.043 million Hong Kong dollars, compared with a profit of 5.027 million Hong Kong dollars for the same period last year. The loss per share was 1.59 Hong Kong cents. The group recorded a net loss of 40.043 million Hong Kong dollars after tax (2023: net profit of 5.027 million Hong Kong dollars). Due to the rise in bank loan interest rates, financial expenses for the current fiscal year increased significantly by 17.569 million Hong Kong dollars compared with the previous year. The group reviews investment properties in the fiscal year.
VEEKO INT'L: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2024
Veeko International Warns of Swing to Loss in Fiscal Year 2024
Profit warning: Veeko Int'l (01173.HK) records loss for the year with at least 38 million yuan deficit.
Veeko Int'l (01173.HK) issued a profit warning, expecting a loss between 38 to 42 million yuan for the financial year ending in March, compared to a surplus of around 5.03 million yuan in the previous year. It is expected that the loss is mainly due to the increase in bank loan interest rates, which has greatly increased financial expenses by 17.57 million yuan; the fair value of investment properties has significantly decreased; there were no government subsidies or grants received during the year; and the gross margin of the cosmetic business, which accounts for a large proportion of the overall revenue, has decreased, resulting in an overall adjustment of the gross margin.
Veeko Int'l (01173.HK) is expected to incur a net loss of approximately HKD 38-42 million for the fiscal year excluding tax.
On June 14th, Geelong Hui announced that compared to the previous year's profit after tax of about HKD 5,027,000, the group is expected to incur a loss after tax ranging from about HKD 38,000,000 to HKD 42,000,000 for the year ending March 31, 2024. The expected loss for this year is mainly attributed to the combined impact of the following: (i) due to the rise in bank borrowing rates, this year's finance costs increased by about HKD 17,569,000 compared to the previous year; (ii) the fair value of the group's investment property was about HKD 19,881 compared to the previous year.
VEEKO INT'L: INSIDE INFORMATION - PROFIT WARNING
Veeko Int'l (01173.HK) held a board of directors meeting on June 25th to approve the publication of the annual performance.
Veeko Int'l (01173.HK) announced on June 11 that the board of directors will hold a meeting at the company's registered office on Tuesday, June 25, 2024, at 5 pm. The board will pass a resolution, including approving the publication of the annual results of the company and its subsidiaries up to March 31, 2024, and considering the distribution of final dividends (if any).
Veeko International Unit Grants HK$350 Million Loan
Veeko Int'l (01173.HK) subsidiary received HKD 350 million revolving loan.
On ****, Gelunhui announced that Veeko Int'l (01173.HK)'s wholly-owned subsidiary, Kali Cosmetics Limited (borrower), has entered into a loan agreement with Mr. Zheng Zhongwen and Ms. Lin Yusen (collectively, lenders), whereby the lenders have agreed to provide a maximum revolving loan of HKD 350 million to the borrower, effective June 3, 2024.
Dashi Intelligence: Weigao International Research Institute Project Signed
Dashi Intelligence announced that recently, Shenzhen Dashi Intelligence Co., Ltd. and Shanghai Liangshou Building Materials and Decoration Materials Co., Ltd. agreed on matters relating to the Weigao International Research Institute project and formally signed a project contract in Minhang District, Shanghai, with a contract amount of 2012.8 million yuan.
VEEKO INT'L: 2023/2024 Interim Report
Veeko International Trims Loss in Fiscal H1
VEEKO INT'L: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2023
VEEKO INT'L: ANNUAL REPORT 2023
VEEKO INT'L To Go Ex-Dividend On September 14th, 2023 With 0.005 HKD Dividend Per Share
June 28th - $VEEKO INT'L(01173.HK)$ is trading ex-dividend on September 14th, 2023. Shareholders of record on September 15th, 2023 will receive 0.005 HKD dividend per share on October 9th, 2023. T
Veeko International Swings to Profit in Fiscal Year 2023
Weigao International (01173.HK) annual turnover of HK$470 million decreased by 5.4% year-on-year
On June 27丨Weigao International (01173.HK) announced that in the annual results for the year ended March 31, 2023, the Group recorded a turnover of HK$470 million, a decrease of 5.4% over the same period last year. The Group's financial performance in all categories improved, recording an after-tax profit of HK$5027,000 (2022: loss of HK$53.366 million). Ordinary equity holders of the parent company shall account for a profit of HK0.200 cents per share. Looking back on the financial year, Hong Kong's economy continued to face many difficulties. At the beginning of 2022, the novel coronavirus variant Omicron broke out, and Hong Kong ushered in the fifth wave of the epidemic.
VEEKO INT'L: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2023
Weigao International (01173.HK) plans to hold a board meeting on June 27 to approve annual results
Glonghui, June 9, 丨 Weigao International (01173.HK) announced that the company will hold a board meeting at the company's registered office at 5:00 p.m. on June 27, 2023 (Tuesday). The board of directors will pass a bill at the meeting, which includes approving the publication of the annual results of the company and its subsidiaries for the year ending March 31, 2023, and considering the payment of a final dividend (if any).
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