Linocraft Holdings Limited provided earnings guidance for the six months ended 28 February 2023. Based on the information currently available to the Board, the Group is expected to record a net loss of approximately MYR 15 million for the six months ended 28 February 2023 (the Interim 2023''), as compared to a profit of approximately MYR 6.5 million for the corresponding period in 2022. The loss for Interim 2023 was mainly attributable to (i) decrease in revenue; (ii) increase in cost of sales due to various factors, amongst them were provision of MYR 2 million for end-of-life products, reimbursement of recruitment cost, flight costs and boarding expenses related to new foreign workers; and (iii) recent trend of rising interest rates has resulted in higher finance cost.
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5-day change | 1st Jan Change | ||
0.056 HKD | -17.65% | -.--% | -.--% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-.--% | 5.72M | |
+21.35% | 21.97B | |
+8.34% | 17.64B | |
-12.49% | 9.62B | |
+19.15% | 9.29B | |
+3.78% | 5.01B | |
-13.09% | 4.62B | |
+12.87% | 2.98B | |
-5.60% | 2.96B | |
+13.27% | 2.78B |
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