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A & S Group Signals Profit Decline Amid Rising Costs

A & S Group Signals Profit Decline Amid Rising Costs

A & S Group (Holdings) Limited (HK:1737) has released an update.

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A & S Group (Holdings) Limited has issued a profit warning, signaling a significant drop in net profit for the six months ended September 2024, with expectations of less than HK$2 million compared to HK$7.1 million the previous year. This decrease is mainly due to increased direct costs, including a 3% rise in labor costs. Investors are advised to approach trading in the company’s securities with caution until the final interim results are released in November 2024.

For further insights into HK:1737 stock, check out TipRanks’ Stock Analysis page.

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