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Alco Holdings Issues Profit Warning Amidst Competitive Pressures

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Alco Holdings Issues Profit Warning Amidst Competitive Pressures

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Alco Holdings ( (HK:0328) ) just unveiled an announcement.

Alco Holdings Limited has issued a profit warning, indicating an expected loss of HKD60 million to HKD70 million for the financial year ending March 31, 2025. This marks a significant downturn from the previous year’s profit of HKD592 million, primarily due to the absence of a one-off gain and decreased revenue and gross profit amid intense price competition. The results are still subject to internal review and confirmation, with a final announcement expected by June 30, 2025.

More about Alco Holdings

Alco Holdings Limited is a company incorporated in Bermuda, operating with its subsidiaries as a group. It is listed on the Hong Kong Stock Exchange and is involved in industries that face keen price competition, which impacts its revenue and gross profit.

Average Trading Volume: 1,656,923

Technical Sentiment Signal: Sell

Current Market Cap: HK$37.23M

For a thorough assessment of 0328 stock, go to TipRanks’ Stock Analysis page.

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