Hong Kong Johnson Holdings Faces Profit Decline

Hong Kong Johnson Holdings Co., Ltd. (HK:1955) has released an update.

Hong Kong Johnson Holdings Co., Ltd. reports a significant downturn in its annual financial performance for the year ended March 31, 2024, with revenue dropping by 31.4% and profits for equity holders plummeting by 43.5% compared to the previous year. Despite a decrease in administrative expenses, the company’s basic and diluted earnings per share have halved, and the proposed final dividend per share has also been reduced. These results highlight challenges faced by the company in a year marked by declining profitability.

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