NWS Holdings Forecasts Over 33% Profit Surge

NWS Holdings (HK:0659) has released an update.

NWS Holdings Limited anticipates a significant profit increase for the financial year 2024, projecting profits between HK$2.0 billion to HK$2.2 billion, a rise of at least 33% over the restated previous year. This growth is driven by increased operating profits across its insurance, facilities management, and logistics sectors, despite adjustments due to new reporting standards and currency impacts. Shareholders and investors are reminded to exercise caution, as these preliminary figures are subject to audit and the final report will be released by September 2024.

For further insights into HK:0659 stock, check out TipRanks’ Stock Analysis page.