AEC Group (08320) announced that the group expects a profit of approximately HKD 561,000 for the year ending on March 31, 2024, which is the company's net profit attributable to shareholders. This marks a turnaround from losses incurred in the same period in 2023 when the net loss attributable to shareholders was approximately HKD 3.288 million.
AEC Group (08320) announced that it expects a net profit attributable to shareholders of approximately HKD 561,000 for the year ending March 31, 2024, marking a profit compared to a net loss attributable to shareholders of approximately HKD 3.288 million for the same period in 2023.
The announcement stated that the expected profit turnaround is mainly due to increased revenue and improved gross margin resulting from implementing more effective cost control measures.
