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Nameson Holdings Forecasts Surge in Fiscal Year 2024 Profit on Lower Impairments; Shares Fall 8%
Nameson Holdings (HKG:1982) forecasts its profit to surge to between HK$355 million and HK$395 million in the year ended March 31 from HK$158.3 million in the year-ago period, according to a Monday fi
Nameson Sees FY24 Net HK$355M-Net HK$395M >1982.HK
Nameson Sees FY24 Net HK$355M-Net HK$395M >1982.HK
Nanxuan Holdings (01982.HK) Yingxi: Expected annual profit of approximately HK$395 million to HK$355 million
Gelonghui, May 27丨The PR Department of Nanxuan Holdings (01982.HK), according to a preliminary assessment of the Group's latest comprehensive management accounts for the year ended March 31, 2024 and the information currently available to the board of directors, the Group expects to record a profit of approximately HK$395.0 million to HK$355.0 million for the year ended March 31, 2024, while a profit of approximately HK$1,583 million was recorded for the year ended March 31, 2023. The increase in profit expectations for the year ended March 31, 2024 is mainly due to reduced impairment losses at production sites in Myanmar. Up to 2
NAMESON HLDGS: PROFIT ALERT
Optimistic Investors Push Nameson Holdings Limited (HKG:1982) Shares Up 28% But Growth Is Lacking
Nameson Holdings Limited (HKG:1982) shares have continued their recent momentum with a 28% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 35%. Even after suc
Nanxuan Holdings (01982.HK) entered into a joint venture with Hebei Yuteng to produce cashmere yarn in Vietnam
Gelonghui, April 26, 丨 Nanxuan Holdings (01982.HK) announced that on April 26, 2024, Nanguan (an indirect wholly-owned subsidiary of the company) signed a joint venture agreement with Hebei Yuteng. The details (including) manage the joint venture to produce cashmere yarn in Vietnam. According to the joint venture agreement, Nanguan and Hebei Yuteng must inject capital of 4.4 million US dollars and 3.6 million US dollars into the joint venture company on or before April 25, 2027 according to their respective shareholding ratios in the joint venture company, accounting for 55% and 45% of the joint venture's issued share capital, respectively. A joint venture company is an investment holding company that has not existed since its registration and establishment
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