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The board of directors of a & s group (01737.HK) held a meeting on November 15 to consider and approve the interim performance.
Grants on November 5th, a & s group (01737.HK) announced that the board of directors will hold a meeting on Friday, November 15, 2024, to consider and approve (including) the unaudited interim performance of the group for the six months ended September 30, 2024, as well as the recommendation for the distribution of interim dividends (if any).
A & S GROUP: NOTICE OF BOARD MEETING
A & S Group Warns of Lower Fiscal H1 Profit
a & s group (01737.HK) profit warning: expected mid-term net profit attributable to owners of the company is less than 2 million Hong Kong dollars.
Grants on October 31st, a & s group (01737.HK) announced that the Group expects to record a net profit attributable to owners of the company of less than 2 million Hong Kong dollars for the six-month period ending September 30, 2024, while for the six-month period ending September 30, 2023, the net profit attributable to owners of the company was approximately 7.1 million Hong Kong dollars. The board of directors believes that the decrease in the aforementioned net profit for the six-month period ending September 30, 2024, is mainly due to a 3% increase in direct costs (including labor costs).
A & S GROUP: PROFIT WARNING
China Federation of Logistics and Purchasing: The total social logistics amount in the first three quarters of the country reached 258.2 trillion yuan, and the industry prosperity level is stable and trending towards improvement.
In the third quarter, the overall logistics costs of the whole society have been gradually reduced. Under the coordinated effects of stock and incremental policies, logistics operations continue to stabilize and rebound. Positive changes have occurred in indicators such as the total social logistics volume and total revenue of the logistics industry.
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