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Easy Smart Group Issues Profit Warning Amid Rising Costs and Receivable Write-off

Story Highlights
  • Easy Smart Group anticipates a significant profit decrease for the year ending June 2025.
  • The decline is due to higher subcontractor fees, lower project margins, and a receivable write-off.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Easy Smart Group Issues Profit Warning Amid Rising Costs and Receivable Write-off

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Easy Smart Group Holdings Limited ( (HK:2442) ) has issued an announcement.

Easy Smart Group Holdings Limited has issued a profit warning, indicating a significant anticipated decrease in profit and total comprehensive income for the year ending June 30, 2025, compared to the previous year. The expected decline is primarily due to increased subcontractor fees, reduced profit margins on new projects, and a write-off of a trade receivable from a customer ordered to wind up by the High Court.

More about Easy Smart Group Holdings Limited

Average Trading Volume: 185,129

Technical Sentiment Signal: Buy

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