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ISP Group Acquires RM188.5 Million Worth Of Industrial Assets
ISP HOLDINGS: INTERIM REPORT 2024
ISP Holdings Reports Increased Gross Profit Amid Losses
Shengbo Holdings (02340.HK): The mid-term shareholder's share of the loss was 10.5 million Hong Kong dollars.
On August 22nd, Ascendas Property (02340.HK) announced that for the six months ended June 30, 2024, the group recorded comprehensive income of approximately HKD 47.5 million, a 40.0% decrease compared to the same period last year. Due to the final acceptance of more practical engineering final payments by several subcontractors of completed projects, the gross margin increased from approximately HKD 4.9 million in the same period last year to approximately HKD 7.9 million, also increasing the gross margin rate by 10.4% compared to the same period. On the other hand, although the group did not make any further provisions for the provision of litigation fees based on compensatory benchmarks in the report period,
ISP HOLDINGS: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Isp Holdings (02340.HK) is estimated to have a loss of at least 10 million yuan in the first half of the year according to "Profit Warning".
Isp Holdings (02340.HK) issued a profit warning, with an expected loss between 10 million and 15 million yuan for the six months ending in June, compared to 7.9 million yuan in the same period last year; revenue is expected to decrease by 38%-43%. This is mainly due to the fact that the newly awarded projects can only be constructed in the second half of the year; changes in design or construction plans by customers have affected the progress of existing projects; legal fees have increased; and provision has been made for litigation costs paid in accordance with the compensation criteria for civil litigation judgments.
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