A.Plus Group Holdings Limited (HK:1841) has released an update.
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A.Plus Group Holdings Limited has issued a profit warning, expecting a significant decrease of over 50% in profit for the year ended March 31, 2024, compared to the previous year’s HK$20.0 million. The anticipated decline is attributed to lower revenue in key segments, the absence of government COVID-19 subsidies, and a decrease in the reversal of impairment loss on trade receivables. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1841 stock, check out TipRanks’ Stock Analysis page.