IWS Group Anticipates Profit Decline Amid Rising Costs

IWS Group Holdings Ltd. (HK:6663) has released an update.

IWS Group Holdings Limited has issued a profit warning, anticipating a significant drop in profit for the six months ending September 2024, with expected earnings of at least HK$5.0 million, down from HK$10.4 million the previous year. The decrease is primarily attributed to a substantial rise in employee benefit expenses amounting to approximately HK$13.0 million. Investors are advised to exercise caution as the final results are yet to be audited and may differ from preliminary estimates.

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