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KNT HOLDING-NEW: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
knt holdings (01025.HK): Xu Yongde appointed as an executive director.
Knt Holdings (01025.HK) announced that Liu Guoxun resigned as an independent non-executive director due to other business and personal reasons. Xu Yongde was appointed as the company's executive director. Chen Zhaohong was appointed as the joint company secretary, effective from November 18, 2024.
KNT to Shrink Loss in Fiscal H1
knt holdings (01025.HK) expects a narrower mid-term loss compared to last year.
Glory Exchange reported on November 15 that knt holdings (01025.HK) expects to incur a loss of approximately 9.5 million Hong Kong dollars for the six months ending September 30, 2024, compared to a loss of about 14.7 million Hong Kong dollars for the six months ending September 30, 2023. Based on currently available information, the expected reduction in loss is primarily due to the following: (i) the group’s administrative expenses for the six months ending September 30, 2024, decreased compared to the same period in 2023; (ii) an increase in gross profit; and (iii) a decrease in the loss from joint ventures.
KNT HOLDING-NEW: REDUCTION IN LOSS
knt holdings (01025.HK) will hold a board of directors meeting on November 26 to approve the interim results.
knt holdings (01025.HK) announced that the board of directors will convene a meeting on November 26, 2024 (Tuesday), to consider and approve the group's interim performance for the six months ending September 30, 2024, as well as to address any other matters.
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