Kwoon Chung Bus Expects Profitable Turnaround

Kwoon Chung Bus Holdings Limited (HK:0306) has released an update.

Kwoon Chung Bus Holdings Limited anticipates a significant financial turnaround, projecting a profit before taxation of approximately HK$70 million for the year ended March 31, 2024, compared to a loss of HK$142 million the previous year. This positive shift is mainly due to the recovery of cross-boundary transport services and tourism, along with effective cost control measures, despite challenges such as inflation and labor shortages. Investors are advised to await the finalised annual results for further details.

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