TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Kwoon Chung Bus Holdings Limited ( (HK:0306) ) has issued an announcement.
Kwoon Chung Bus Holdings Limited has announced a positive profit alert, expecting a significant increase in consolidated profit before taxation for the year ending March 31, 2025, amounting to approximately HK$165 million, compared to HK$68 million the previous year. This increase is attributed to higher revenue across all business segments, stabilized international fuel prices, lower finance expenses due to a decrease in the Hong Kong Interbank Offered Rate, and effective cost control measures. The announcement indicates a strong operational performance and improved financial health for the company, potentially impacting its market position and stakeholder confidence.
More about Kwoon Chung Bus Holdings Limited
Kwoon Chung Bus Holdings Limited is a company incorporated in Bermuda, primarily engaged in the transportation industry. The company, along with its subsidiaries, provides bus services and related transportation solutions.
Average Trading Volume: 85,290
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$667.5M
Find detailed analytics on 0306 stock on TipRanks’ Stock Analysis page.