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Qiantang Holdings (01466) expects loss attributable to shareholders in the medium term to decrease by less than 65% year-on-year

author:Zhitong Finance

Qiantang Holdings (01466) announced that the Group expects to achieve losses attributable to equity holders of the Company for the six months ended 30 September 2021, a significant decrease of less than 65% compared with the loss attributable to equity holders of the Company of approximately HK$43.6 million for the six months ended 30 September 2020.

According to the announcement, the expected decrease in loss was mainly due to an increase in gross profit due to higher sales of pearl and jewellery products and a significant decrease in administrative expenses.

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