MS Group Forecasts Robust Mid-Year Profits
Company Announcements

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.

For further insights into HK:1451 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App