ISP Holdings Anticipates Sharp Revenue Decline

ISP Holdings Limited (HK:2340) has released an update.

ISP Holdings Limited has issued a profit warning, anticipating a significant drop in revenue of 38% to 43% for the first half of 2024 compared to the previous year, and expecting losses between HK$10.0 million to HK$15.0 million. This downturn is attributed to the completion of substantial key projects, disruptions in work progress due to customer changes, and increased legal fees, among other factors. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s shares.

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