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ECO-TEK HLDGS: 2024 ANNUAL REPORT
ECO-TEK HLDGS: FINAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 OCTOBER 2024
ECO-TEK HLDGS (08169.HK) warns of a loss: Expecting a loss of 2.5 million to 3.5 million Hong Kong dollars in 2024.
Gelonghui, on January 14, announced that ECO-TEK HLDGS (08169.HK) expects to record a loss attributable to shareholders of approximately 2.5 million to 3.5 million HKD for the year ending October 31, 2024, while the profit attributable to shareholders for the year ending October 31, 2023, was approximately 5.6 million HKD. The expected net loss for the year is primarily due to (1) a decrease of approximately 6 million HKD in the group's gross margin for the year, mainly due to a reduction in revenue and gross margin. The decrease was caused by a decline in the weighted average selling price of water from the water supply business and the depreciation of the revenue currency MMF. Changes in the customer structure, rural areas.
Express News | Eco-Tek Holdings Ltd Sees Decrease in Revenue and Gross Profit Margin in FY
Express News | Eco-Tek Sees Loss Attributable for Year HK$2.5 Mln to HK$3.5 Mln
ECO-TEK HLDGS: PROFIT WARNING
