STERLING GP: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Sterling Group Expects Return to Profit in Fiscal H1
sterling gp (01825) announces profit alert, expecting to turn losses into profits in the mid-term, with no less than 3 million Hong Kong dollars.
STERLING GP (01825) announced that the group expects for the period ending September 30, 2024, six...
Express News | Sterling Group - Expected Result Due to Decrease of Provision of an Expected Credit Loss, Others
Express News | Sterling Group Sees Net Profit of Not Less Than HK$3.0 Mln for Hy
STERLING GP: PROFIT ALERT
sterling gp (01825.HK) held a board of directors meeting on November 28 to review and approve the interim performance.
November 15th, the board of directors of sterling gp (01825.HK) announced that a meeting will be held on November 28, 2024 (Thursday), to (including) (i) review and approve the interim performance of the company and its subsidiaries for the six months ended September 30, 2024, and its publication matters, and (ii) consider the payment of interim dividends (if any).
STERLING GP: NOTICE OF BOARD MEETING
STERLING GP (01825.HK) appoints Zhao Chuan as an independent non-executive director.
October 4th, GALONGHUI (01825.HK) announced that Mr. Zhao Chuan has been appointed as an independent non-executive director, the chairman of the board of directors' remuneration committee, and a member of the audit committee and nomination committee, effective from October 4, 2024.
Sterling gp (01825) completed the issuance of 48 million shares for placement.
Sterling gp (01825) announced that all conditions set out in the placement agreement have been met, and...
Sterling GP plans to offer a discount of approximately 1.8% on up to 48 million shares of its stock offering, with a net fundraising of approximately 5.12 million Hong Kong dollars.
STERLING GP (01825) released a statement on July 30, 2024, announcing that the company entered into a placement agreement with the placement agent. The placement agent (as the company's agent) conditionally agreed to use its best efforts to encourage no less than six underwriters (including themselves and their ultimate beneficiaries, who must be independent third parties) to subscribe for up to 48 million placement shares at a placement price of HKD 0.11 per share. The placement shares are equivalent to approximately 16.7% of the total number of issued shares after the placement and the issuance of new placement shares (assuming that from the date of this announcement to the completion date, excluding the issuance of placement shares, the total number of issued shares remains unchanged).
Sterling GP (01825.HK) plans to offer a discount of approximately 1.8% for the sale of up to 48 million shares, with a net raising of HKD 5.12 million.
On July 30th, Gelunhui announced that STERLING GP (01825.HK) and its placement agent entered into a placement agreement on July 30, 2024. Accordingly, the placement agent (acting as the Company's agent) conditionally agrees to use its best efforts to encourage no less than six underwriters (who and their ultimate beneficial owners must be independent third parties) to subscribe for up to 48 million shares of placement shares at a placement price of HKD 0.11 per share. The placement shares represent approximately 16.7% of the total issued share capital after the placement and the issuance of placement shares (assuming that, from the date of this announcement to the completion date, except for the issuance
Express News | Sterling Group Holdings Ltd - to Place up to 48 Mln Placing Shares at HK$0.11 per Share
Sterling Group Issues Demand Letters for Outstanding Balances Worth $22 Million
Sterling gp (01825) issued a payment notice letter to JPO and Tritech.
Sterling gp (01825) issued an announcement stating that the company is discussing with TriTech and JPO to finalize the loan agreement...
Express News | Sterling Group - Issued Demand Letter to Santai for Repayment of Outstanding Balance of US$18.1 Mln to Group
STERLING GP: ANNUAL REPORT 2024
Sterling Group Holdings Swings to Loss in Fiscal 2024
Sterling GP (01825.HK) had a net loss of HKD 18.36 million this year, compared to a profit last year.
On June 28th, Sterling GP (01825.HK) announced that for the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 571,391,000, which is equivalent to approximately HKD 623,433,000 in the previous year. Despite the deteriorating business environment and increased pricing pressure, the group maintained a gross margin of 16.1% for the reviewed year, compared to 17.2% for the same period. It suffered a loss of HKD 18.36 million during the year, a decrease compared to the profit of HKD 19.93 million for the same period in the previous year.
Meizhen Group (01825) announced its annual performance with a net loss of 18.36 million Hong Kong dollars, a year-on-year switch from profit to loss.
According to the annual performance report ending on March 31, 2024 released by Beauty and Joy International (01825), the group achieved a revenue of HKD 571 million, a year-on-year decrease of 8.35%; a loss of HKD 18.36 million for the year, compared to a net profit of HKD 199.27 million in the same period last year; and a loss per share of 7.65 HK cents. The announcement stated that considering the severe macroeconomic environment of high interest rates and weakened consumer confidence, as well as the reduced number of customers, the 8.4% decline in revenue is actually a reflection of a slowdown in growth, which is expected.
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