Chervon Holdings Limited Provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expects to record a net loss in the range of approximately USD 35 million to USD 40 million, a compared to a net profit of approximately USD 139 million recorded for the year ended December 31, 2022. Such expected decrease in the net profit during the Reporting Period is primarily due to: (i) a decline in revenue caused by more conservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development and the sales channel infrastructure; (iii) additional provision for write-down of inventories and warranty; and (iv) the share of loss of an associate of the Group.
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Annual profits - Rate of surprise
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-18.24% | 1.31B | |
+12.62% | 82.35B | |
+20.17% | 71.09B | |
+20.89% | 37.73B | |
+15.77% | 32.01B | |
+9.19% | 27.2B | |
+3.18% | 26.74B | |
+3.90% | 26B | |
+13.27% | 25.5B | |
+17.14% | 24.76B |
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