MS Group Forecasts Robust Mid-Year Profits

MS Group Holdings Ltd. (HK:1451) has released an update.

MS Group Holdings Limited has issued a positive profit alert, projecting an unaudited consolidated net profit of HK$17 million to HK$21 million for the first half of 2024, nearly doubling the profit from the same period in 2023, which was approximately HK$9 million. This significant increase is primarily due to the growth in revenue from the company’s original equipment manufacturing business, driven by a rise in sales orders from existing customers. Shareholders and potential investors are advised to exercise caution and await the official interim results announcement due by the end of August 2024.

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