tiprankstipranks
Hong Kong Johnson Holdings Forecasts Profit Dip
Company Announcements

Hong Kong Johnson Holdings Forecasts Profit Dip

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

Don't Miss Our Christmas Offers:

Hong Kong Johnson Holdings Co., Ltd. has issued a profit warning, anticipating a substantial decline in its financial performance for the year ended March 31, 2024. The company expects to see a 31% decrease in revenue and a 44% drop in profits compared to the previous year, mainly due to the loss of certain government cleaning service contracts and reduced government subsidies. Investors are urged to be cautious and await the finalized annual results announcement scheduled for publication by the end of June 2024.

For further insights into HK:1955 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App