Chervon Holdings Limited Provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expects to record a net loss in the range of approximately USD 35 million to USD 40 million, a compared to a net profit of approximately USD 139 million recorded for the year ended December 31, 2022. Such expected decrease in the net profit during the Reporting Period is primarily due to: (i) a decline in revenue caused by more conservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development and the sales channel infrastructure; (iii) additional provision for write-down of inventories and warranty; and (iv) the share of loss of an associate of the Group.
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5-day change | 1st Jan Change | ||
22.85 HKD | -1.08% | -3.79% | -4.19% |
Jun. 04 | Chervon Holdings Limited Declares Special Dividend for the Year Ended 31 December 2023 | CI |
May. 09 | Chervon Logs High-Double-Digit Growth in April | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.19% | 1.51B | |
+15.30% | 89.18B | |
+11.23% | 65.87B | |
+13.73% | 35.49B | |
+19.88% | 33.24B | |
+2.11% | 26.73B | |
+5.23% | 27.21B | |
-1.15% | 25.62B | |
+16.66% | 24.66B | |
+3.49% | 22.58B |
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- Chervon Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2023