Alliance International Posts Profit Warning

International Alliance Financial Leasing Co., Ltd. (HK:1563) has released an update.

Alliance International Education Leasing Holdings Limited has issued a profit warning, anticipating a significant drop in net profit by approximately 43% to 59% for the 15-month period ending March 2024 compared to the previous year. This projected decline is attributed to the absence of a one-off gain from a major acquisition made in the previous financial year. Investors are cautioned to await final results due by the end of June 2024 before making any decisions.

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