Anxian Yuan Expects Significant Profit Decline

Anxian Yuan China Holdings Limited (HK:0922) has released an update.

Anxian Yuan China Holdings Limited has issued a profit warning, forecasting a net profit decrease of over 40% for the fiscal year ending March 31, 2024. This decline is attributed to a significant drop in gross profit due to lower tomb sales, a reduction in other income from uncollected debts, and increased spending on both selling expenses and administrative costs. Investors are cautioned to be prudent with their transactions as the final results, pending audit, will be published by the end of June 2024.

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