Asia Commercial Holdings Expects Profit Dip

Asia Commercial Holdings Limited (HK:0104) has released an update.

Asia Commercial Holdings Limited anticipates a lower profit of at least HK$21 million for the year ended March 31, 2024, a decline from the previous year’s HK$44 million. The decrease is mainly due to the absence of government subsidies received last year and a higher revaluation loss on investment properties. Shareholders and potential investors are cautioned to trade carefully with the company’s shares.

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