DPC Dash Ltd Issues Positive Profit Alert for the First Half of 2024
With Both Adjusted and Reported Net Profit Turn Positive
Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for 1H2024 (the "Management Accounts") and other relevant information currently available to the board of directors of the Company (the "Board"), the Group anticipates a total revenues of no less than
The Group expects to report a net profit of no less than
The Board attributes the anticipated strength of the Group's 1H2024 operating results to several factors. The Company has successfully expanded its store network, growing from 672 stores as at
Ms.
As at the date of this announcement, the Company is still in the process of finalizing the interim results of the Group for 1H2024. The information contained in this announcement is therefore only based on a preliminary assessment of the Management Accounts and other relevant information currently available to the Board. Such Management Accounts have neither been confirmed nor audited by the Company's independent auditor, nor reviewed by the audit committee of the Company and are subject to finalization and necessary adjustments (if any). As such, the actual interim results of the Group for 1H2024 may be different from the disclosure in this announcement. Shareholders and potential investors are therefore advised to read carefully the interim results announcement of the Company for 1H2024, which is expected to be published before the end of
[1] The Company defines "Adjusted Net Profit/(Loss)", a non-International Financial Reporting Standards ("IFRS") measure, as profit/(loss) for the period and adding back fair value change of financial liabilities at fair value through profit or loss, share-based compensation and listing expenses. |
Non-IFRS Financial Measures
In evaluating its business, the Group uses non-IFRS measures such as Adjusted Net Profit/(Loss) as additional financial measures, which are not required by, or presented in accordance with, IFRS. The Group believes that these non-IFRS measures facilitate comparisons of operating performance from period to period and company to company. The Group believes that these measures provide useful information to investors and others in understanding and evaluating the Group's results of operations in the same manner as they help the Group's management.
The Group defines Adjusted Net Profit/(Loss) (non-IFRS measure) as profit/(loss) for the period and adding back fair value change of financial liabilities at fair value through profit or loss, share-based compensation and listing expenses. Such non-IFRS measure enables the assessment of the Group's operating results without considering the impacts of the aforementioned non-cash items and one-off items that the Group does not consider to be indicative of the Group's operating performance in the future.
The Group's presentation of Adjusted Net Profit/(Loss) (non-IFRS measure), however, may not be comparable to similarly titled measures presented by other companies. The use of such non-IFRS measure has limitations as an analytical tool, and Shareholders and potential investors should not consider it in isolation from, or as substitute for analysis of, the Group's results of operations or financial condition as reported under IFRS.
Forward-Looking Statements
Certain statements in this document and/or the Announcement are forward-looking statements that are, by their nature, subject to significant risks and uncertainties. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events, or performance (often, but not always, through the use of words or phrases such as "will", "expect", "anticipate", "estimate", "believe", "going forward", "ought to", "may", "seek", "should", "intend", "plan", "projection", "could", "vision", "goals", "aim", "aspire", "objective", "target", "schedules", and "outlook") are not historical facts, are forward-looking and may involve estimates and assumptions and are subject to risks (including but not limited to the risk factors detailed in this document and/or the Announcement), uncertainties and other factors some of which are beyond the Company's control and which are difficult to predict. Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to the Company about the businesses that it operates. The risks, uncertainties and other factors, many of which are beyond the Company's control, that could influence actual results include, but are not limited to: the Company's operations and business prospects; its business and operating strategies and ability to implement such strategies; its ability to develop and manage its operations and business; its ability to control costs and expenses; its ability to identify and satisfy customer demands and preferences; the actions and developments of its competitors; general economic, political and business conditions in the markets in which it operates; and changes to regulatory and operating conditions in the industry and geographical markets in which it operates.
Since actual results or outcomes could differ materially from those expressed in any forward-looking statements, the Company strongly cautions investors against placing undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by the Rules Governing the Listing of Securities on The
The Company's shareholders and potential investors are advised not to place undue reliance on the forward-looking statements and to exercise caution in dealing in securities in the Company.
About DPC Dash
DPC Dash is
For more information, please visit www.dpcdash.com
For official company announcements, please visit www.hkexnews.hk
CONTACTS
DPC Dash Ltd Investor Relations:
IR@dominos.com.cn
dpcdashIR@icrinc.com
DPC Dash Ltd Media Relations:
dpcdashPR@icrinc.com
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