New Concepts Holdings Ltd (HK:2221) has released an update.
New Concepts Holdings Limited has issued a positive profit alert, projecting a significant turnaround with an expected profit of at least HK$2.0 million for the financial year ended March 31, 2024, a marked improvement from the previous year’s HK$20.8 million loss. The anticipated profit is largely due to a one-time gain from a capital injection into an associate, offset by a decline in the construction business and an increase in share option expenses. Shareholders and potential investors are urged to exercise caution when dealing with the company’s shares.
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