AEC GROUP (08320) has issued a positive profit alert, projecting a significant financial turnaround for the fiscal year.
The company anticipates that profit attributable to its owners will reach approximately HK$1.1 million. This marks a notable shift from a loss of about HK$9.6 million recorded in the previous financial year ending March 31, 2025.
Furthermore, the group's overall profit is expected to be around HK$0.7 million, a stark contrast to the HK$9.6 million loss reported for the comparable period last year.
The expected return to profitability is primarily attributed to several key factors. These include an increase in revenue coupled with a rise in gross profit margin, business expansion and higher operational income from markets outside Hong Kong such as Mainland China, Macau, and Southeast Asia, and a reduction in administrative expenses due to the implementation of more effective cost-control measures.
Comments