Khoon Group Limited (HK:0924) has released an update.
Khoon Group Limited has announced a projected reduction in net loss to S$0.3 million for the year ended June 30, 2024, improving from a net loss of S$1.5 million the previous year. This improvement is primarily due to increased gross profit margins from the recovery of the construction industry post-COVID-19 and stable profits from new projects in Singapore. Investors are advised to exercise caution when dealing in the company’s securities until the final results are announced by the end of September 2024.
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