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Helens International posts adjusted net profit of RMB90.3 mil in 1HFY2024, down 51% y-o-y

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
Helens International posts adjusted net profit of RMB90.3 mil in 1HFY2024, down 51% y-o-y
For 1HFY2024, Helens recorded revenue of RM441.3 million, down 37.8% y-o-y. Photo: The Edge Singapore
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Helens International Holdings has posted an adjusted net profit of RMB90.3 million ($16.58 million) in 1HFY2024 ended June, down 51% y-o-y.

The adjusted net profit includes secondary listing expenses and losses from its bars optimisation and adjustment. The company has primary listing on the Hong Kong Stock Exchange and secondary listing on the SGX mainboard, debuting on the latter on July 19.

For 1HFY2024, Helens recorded revenue of RM441.3 million, down 37.8% y-o-y. This was due to a relatively high performance base in 1HFY2023, when the company witnessed a significant post-pandemic recovery. 

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