BaWang International (Group) Holding Limited provided group earnings guidance for the five months ended 31 May 2022. For the period, the Group is expected to record a net loss in the region of approximately RMB 24.0 million as compared with a net loss of RMB 17.4 million for the same period last year. While the Group's revenue remained relatively stable, the increase in net loss for five months of 2022 was primarily due to the inflationary pressures of raw materials and manufacturing expenses, and also the increase in the Group's marketing and promotion expenses during five months of 2022 in response to fierce market competition to maintain its market share.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.044 HKD | 0.00% | +7.32% | -2.22% |
Apr. 25 | Bawang International Swings to Profit in 2023 | MT |
Mar. 28 | BaWang International Holding Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
- Stock Market
- Equities
- 1338 Stock
- News BaWang International (Group) Holding Limited
- BaWang International Holding Limited Provides Group Earnings Guidance for the Five Months Ended 31 May 2022