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Vongroup Limited Issues Profit Warning Amid Property Market Challenges

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Vongroup Limited Issues Profit Warning Amid Property Market Challenges

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Vongroup Limited ( (HK:0318) ) has issued an update.

Vongroup Limited has issued a profit warning, indicating a significant decrease in profits for the year ending April 30, 2025, compared to the previous year. The expected profit is between HK$10 million and HK$12 million, down from HK$21.1 million, primarily due to a non-cash decrease in the fair value of its investment properties, attributed to a weak property market. This decrease is not expected to impact the company’s cash flow or operations materially. The final annual results are pending and subject to review.

More about Vongroup Limited

Average Trading Volume: 101,548

Technical Sentiment Signal: Buy

Current Market Cap: HK$119.2M

For detailed information about 0318 stock, go to TipRanks’ Stock Analysis page.

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