Sitoy Group Holdings Limited (HK:1023) has released an update.
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Sitoy Group Holdings Limited has issued a profit warning, expecting a significant decrease in profits for the fiscal year ending June 2024, citing global economic pressures, decreased demand in manufacturing, and losses in property investment. Despite the anticipated drop in profit, ranging from 45% to 55% as compared to the previous year, the company’s dividend policy will remain unchanged. Investors are encouraged to look out for the final annual results for further details.
For further insights into HK:1023 stock, check out TipRanks’ Stock Analysis page.