Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Helens warns of losses as PC Partner posts buoyant profit
The Straits Times
|March 20, 2025
Two Hong Kong-listed firms with secondary listings on the Singapore Exchange (SGX) have had contrasting fortunes in 2024, with one warning of losses for the year and the other reporting a 4.3-time surge in earnings over the same period.
China bar operator Helens International Holdings on March 19 warned that it is expecting revenue to decline to between 730 million yuan (S$135 million) and 780 million yuan in 2024, down from 1.2 billion yuan in 2023. It cited weak consumer demand and the impact amid China's property downturn.
Helens International, which also operates three Helen's Bar outlets here in Orchard Central, Clarke Quay and Chijmes, added that it anticipates a net loss of 60 million yuan to 90 million yuan in 2024, compared with a net profit of 180.5 million yuan in 2023.
It attributed the losses to impairments as a result of a drop in the fair value of office properties amid China's property downturn, network optimisation costs under a new business strategy, and expenses related to its secondary listing on SGX in July 2024.
Diese Geschichte stammt aus der March 20, 2025-Ausgabe von The Straits Times.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Straits Times
The Straits Times
Back to The Grind on screen
Actors Chantalle Ng and Richie Koh reunite to play a couple working in the same company in the corporate drama
3 mins
December 20, 2025
The Straits Times
MAX HAS GOAL AFTER GOLD
S'pore kitefoiler ready for 2026 challenges, which includes reclaiming world c'ship title
3 mins
December 20, 2025
The Straits Times
3 doors, 4 wheels, many personalities
The Mini JCW Cooper 3Dr offers fun and finesse with style and substance
3 mins
December 20, 2025
The Straits Times
Cavaliers wary of Bulls' Giddey in 'rematch'
The Bulls held serve in Chicago, winning the first half of their back-to-back against the Cleveland Cavaliers behind a triple-double from Josh Giddey on Dec 17.
2 mins
December 20, 2025
The Straits Times
Suspected gunman in Brown University mass shooting found dead
The suspect in last weekend’s mass shooting at Brown University is dead from a self-inflicted gunshot wound, with investigators certain that he also killed a Massachusetts Institute of Technology (MIT) professor two days later, officials said on Dec 18.
2 mins
December 20, 2025
The Straits Times
Baht rallies to 3-year high against Singdollar
But Thailand's slowing growth, fiscal policies and political uncertainty may curb currency's rise: Experts
3 mins
December 20, 2025
The Straits Times
Co-op doctors and social workers join forces for more seamless care
Three-month pilot will see them collaborate through referrals, co-management of cases
3 mins
December 20, 2025
The Straits Times
Indonesian pro-government parties open to scrapping direct regional elections
Political parties behind President Prabowo Subianto's administration are open to his suggestion of scrapping the current system of direct elections for regional heads.
3 mins
December 20, 2025
The Straits Times
Knife-wielding attacker kills three in Taipei, dies during police chase
Three people were killed and five injured when a knife-wielding attacker went on a rampage in central Taipei on Dec 19, before dying during a police chase after falling from a building, the Premier said.
1 min
December 20, 2025
The Straits Times
Police probing case of man injured near Tampines MRT station
The police are investigating an incident that left a man injured near Tampines MRT station on the evening of Dec 19.
1 mins
December 20, 2025
Listen
Translate
Change font size