Four Seas Mercantile Forecasts Profit Drop

Four Seas Mercantile Holdings Limited (HK:0374) has released an update.

Four Seas Mercantile Holdings Limited anticipates a decrease in its consolidated profit for the fiscal year ended March 31, 2024, projecting earnings between HK$32 million and HK$37 million, down from the previous year’s HK$41 million. The decline is attributed to the lack of one-off tax refunds and government subsidies received in the prior year. However, the company expects an increase in profits from core operations due to improved post-pandemic performance and strong consumer demand for its products and services.

For further insights into HK:0374 stock, check out TipRanks’ Stock Analysis page.