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Affluent Foundation Holdings Ltd. ( (HK:1757) ) has shared an announcement.
Affluent Foundation Holdings Ltd. has issued a profit warning, anticipating a significant decrease in consolidated profit for the year ended 31 March 2025. The expected profit ranges from HK$200,000 to HK$1.2 million, marking a decline of approximately 91.6% to 50.0% compared to the previous year’s profit of HK$2.4 million. This downturn is attributed to a reduction in the reversal of expected credit loss, a decrease in other income due to lower machinery rental and transportation income, and an increase in gross profit. The company’s financial results are still being finalized, and shareholders are advised to exercise caution.
More about Affluent Foundation Holdings Ltd.
Affluent Foundation Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. The company, along with its subsidiaries, is listed on the Stock Exchange of Hong Kong Limited.
Average Trading Volume: 160,909
Technical Sentiment Signal: Sell
Current Market Cap: HK$180M
See more insights into 1757 stock on TipRanks’ Stock Analysis page.