Grace Wine Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the first quarter ended March 31, 2022. For the quarter, the group expects to record a profit before tax of not less than RMB 2 million as compared to a profit before tax of approximately RMB 8.2 million for the three months ended March 31, 2021. The performance is mainly attributable to a decrease in revenue due to the overall drop in sales volume of the Group's wine products as a result of the resurgence of the Coronavirus Disease 2019 in the People's Republic of China.
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5-day change | 1st Jan Change | ||
0.135 HKD | 0.00% | -10.00% | -13.46% |
Apr. 05 | China's crowded wine market offers no lifeline for struggling global industry | RE |
Mar. 12 | Grace Wine Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-13.46% | 13.81M | |
+10.67% | 6.31B | |
+0.17% | 1.8B | |
+19.62% | 967M | |
-24.17% | 924M | |
+8.65% | 803M | |
+0.41% | 768M | |
+9.61% | 553M | |
+6.92% | 417M | |
-17.24% | 416M |
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