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CWT INT'L (00521) Announces Annual Results, Achieving Revenue of HK$37.226 billion
According to the Zhitong Finance App, CWT INT'L (00521) announced results for the year ended December 31, 2023. The group obtained revenue of HK$37.226 billion, a decrease of 3.78% year on year; profit attributable to company owners was HK$39.93 million, a decrease of 74.48% year on year; profit per share was 0.34 HK cents. The Group reported net profit of HK$21.471 million (re-listed in 2022: net loss of HK$116.6 million) and net profit from continuing operations of HK$577.23 million (re-listed in 2022:3.
CWT INT'L: FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND CONTINUED SUSPENSION OF TRADING
CWT INT'L: DATE OF BOARD MEETING AND CONTINUED SUSPENSION OF TRADING OF SHARES
Cwt International Expects a HK$70 Million Profit for Full Year 2023
Cwt International (HKG:0521) expects at least HK$70 million in profit after taxation for the year ended Dec. 31, 2023, an approximately 73% decline from profits from the previous year, according to a
CWT INT'L (00521.HK) Profit Warning: Annual profit after tax is expected to drop by about 73%
On March 6, CWT INT'L (00521.HK) announced that the company expects to record profit after tax of no less than HK$70 million for the year ending December 31, 2023, a decrease of about 73% compared to the previous year's profit of HK$255 million after tax. The expected decline in profit after tax is mainly due to a combination of the following reasons: (1) The decline in profit after tax in the logistics services segment is mainly due to the decline in profit in the freight logistics business, and the market price is due to weak purchasing power, generally weak demand, rising labor costs and serious competition in the European market
CWT INT'L: PROFIT WARNING FOR THE YEAR ENDED 31 DECEMBER 2023 AND CONTINUED SUSPENSION OF TRADING
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