Royal Deluxe Foresees Major Profit Decline

Royal Deluxe Holdings Ltd. (HK:3789) has released an update.

Royal Deluxe Holdings Ltd. anticipates a significant profit decline of 70% to 80% for the fiscal year ended March 31, 2024, compared to the previous year’s profit of HK$21.4 million. This expected drop is primarily due to the absence of one-time government grants received in the previous year, impairment loss provisions, and a market-driven increase in credit loss allowances, despite some offset by higher gross profits from business operations. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s securities.

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