Esprit Holdings (HK:0330) has released an update.
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Esprit Holdings Limited has announced a significant reduction in net loss, down to HK$95 million in the interim period of 2024 from HK$714 million in the previous year. This improvement is largely due to a one-off gain from restructuring, despite substantial impairments and provisions for inventory and trade debtors. Investors are cautioned to await the finalised results due in late August 2024 for a complete and audited financial picture.
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