SANVO Fine Chemicals to Swing to 2024 Loss

MT Newswires Live

2025/03/19

SANVO Fine Chemicals Group (HKG:0301) expects an attributable loss of 20 million yuan for the year 2024, compared with an attributable profit of 6.3 million yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

The chemical company attributed the anticipated swing to loss mainly to an impairment loss on a leasehold land in China, as well as higher selling and distribution expenses.

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