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09933 GHW INTL
RTNominal down0.320 -0.005 (-1.538%)
Others

09/08/2021 17:44

GHW Intl (09933) expects to record interim profit

[ET Net News Agency, 9 August 2021] GHW International (09933) said the group expects to
record a profit attributable to owners of the company of approximately RMB27 million for
the six months ended 30 June 2021, compared to a loss attributable to owners of the
company of approximately RMB700,000 for the six months ended 30 June 2020.
The expected profit was mainly attributable to an increase in gross profit as a result
of the good performance in operations in the People's Republic of China after recovery
from the outbreak of the COVID-19 pandemic in 2020, partially offset by the increase in
(i) selling and distribution expenses, administrative expenses and research and
development expenses due to the increasing operating scale; (ii) write-off of property,
plant and equipment resulted from the termination of production in Xuzhou production plant
and centralised production functions in Tai'an; and (iii) net exchange loss mainly as a
result of depreciation of US dollar against Renminbi. (RC)

Previous︰10/08/2021 08:45  Summary of listed companies announcements (9)

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