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