Shun Wo Group Forecasts Profit Surge

Shun Wo Group Holdings Ltd. (HK:1591) has released an update.

Shun Wo Group Holdings Limited has announced a significant increase in its net profit, anticipating figures between HK$38 million to HK$42 million for the year ended 31 March 2024, compared to the previous year’s HK$18.9 million. This profit surge is attributed to higher revenue and gross profit margins, driven by reduced subcontractor fees and lower material costs for nearing completion of substantial foundation projects. Investors are advised to await the final audited results for further details and exercise caution when dealing in the company’s securities.

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