Vicon Holdings Expects Major Profit Surge

Vicon Holdings Limited (HK:3878) has released an update.

Vicon Holdings Limited anticipates a substantial increase in net profit for the fiscal year ending March 2024, with projected earnings between HK$7.5 million to HK$9.1 million, marking a rise of 213% to 279% over the previous year. This predicted growth is credited to gains from the disposal of steel working platforms and a reduction in impairment losses on financial assets. Shareholders and investors are advised to be cautious when trading company shares until the final results are published in late June 2024.

For further insights into HK:3878 stock, check out TipRanks’ Stock Analysis page.