HSC Resources Group Anticipates Profit Decline

Windmill Group Ltd. (HK:1850) has released an update.

HSC Resources Group Limited has issued a profit warning, revealing an expected unaudited consolidated profit of at least HK$2.0 million for the year ended 30 April 2024, a decrease from the previous year’s HK$7.4 million. The anticipated drop in profits is attributed to lower gross profit margins due to increased costs of sales, reduced other income from government grants, and higher finance costs. Shareholders and potential investors are cautioned to await the final results, which will be disclosed on 31 July 2024, and to exercise care when dealing in the company’s securities.

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