Steve Leung Design Expects Better Financial Performance in 2024; Shares Rise 16%
MT Newswires Live01-28
Steve Leung Design Group (HKG:2262) expects a result ranging from a net loss of HK$4 million to a net profit of HK$3 million in 2024, compared with a consolidated net loss of HK$20 million for the corresponding period of the previous year, according to a Monday filing with the Hong Kong Bourse.
The company attributed the Group's improved financial performance to property market stabilization in China, reduced impairment losses, increased gross profit, lower expenses, and reduced finance costs.
The interior design business plans to publish its annual results before the end of March.
The company's shares were up over 16% in the recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
