China Wantian Holdings (01854) announced interim results for the six months ended September 30, 2023, with earnings of about 1...
According to the Zhitong Finance App, China Wantian Holdings (01854) announced interim results for the six months ended September 30, 2023, with earnings of approximately HK$129 million, up 87.26% year on year; net loss of HK$16.253 million, up 100.85% year on year; basic and diluted loss of HK$0.93 per share.
According to the announcement, the sharp increase in revenue is mainly due to the food supply business carried out by the group in the fourth quarter of 2022. The increase in net loss was mainly due to increased start-up costs and other indirect costs of opening new restaurants in the Greater Bay Area during the reporting period; and an increase in impairment losses on trade receivables due to extended repayment periods.