China's Regal Partners HY net loss narrows on lower expenses
China's Regal Partners HY net loss narrows on lower expenses
Overview
China investment holding firm's half-year revenue fell
Net loss attributable narrowed about 40%
Company did not recommend interim dividend for the period
Outlook
Regal Partners plans to deploy HK$27.8 mln of placing proceeds to expand Southeast Asian capacity and supply chains, develop showrooms and fund working capital
Group plans to deepen its North American footprint, attend trade shows and optimise supply chains in Cambodia and Southeast Asia
Result Drivers
REVENUE COLLAPSE - Co said revenue fell significantly
LOWER EXPENSES - Co said loss for the period narrowed, yr/yr, partly due to reduced administrative and selling expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 10.30 mln |
|
H1 Net Loss Attributable |
| RMB 18.10 mln |
|
Analyst Coverage
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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