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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.