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AM GROUP: 2023/2024 INTERIM REPORT
Xiushang Times Holdings (01849): Chen Jiaren has been appointed as an independent non-executive director
Xiushang Times Holdings (01849) announced that Chen Jiaren has been appointed as an independent non-executive director and reviewed by the board of directors...
Xiushang Times Holdings (01849.HK): Medium-term loss of SGD 200,000
Gelonghui, Feb. 28 | Xiushang Times Holdings (01849.HK) announced that for the six months ended December 31, 2023, the Group's revenue for the reporting period was SGD 15.1 million, a decrease of 36.3% over the same period last year. Gross profit for the reporting period was SGD 3.7 million, down 44.4% from the same period last year. The loss for the reporting period was SGD 200,000, a decrease of 107.6% compared to the same period last year. The loss reduction was mainly due to the following reasons: 1. Revenue from online platform management services was reduced from approximately SGD 11.5 million to approximately SGD 3.1 million, while receipt of creative and technical services
AM GROUP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
AM Group Forecasts Swing to 2023 Loss
AM Group Holdings (HKG:1849) expects a net loss of approximately SG$200,000 for the six months ended Dec. 31, 2023, as compared to a net profit of SG$2.1 million during the year-ago period. The provid
Xiushang Times Holdings (01849) issued a profit warning that the net loss for the medium term was about 200,000 Singapore dollars, a year-on-year profit to loss
According to the Zhitong Finance App, Xiushang Times Holdings (01849) announced that the Group is expected to make a net loss of approximately SGD 200,000 for the period ending December 31, 2023, and net profit of approximately SGD 2.1 million for the period ending December 31, 2022. According to the announcement, the decline was mainly due to the following reasons: The profit of the subsidiary Majestic State International Limited decreased by about 81% from about SGD 1.6 million for the period ended December 31, 2022 to 2023.1
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