Yoho Group Forecasts Rise in Fiscal 2024 Profit

MT Newswires Live06-10

Yoho Group Holdings (HKG:2347) expects to book a net profit of at least HK$21 million for the year ended March 31, up from HK$6.3 million in the year-ago period, a Friday filing on the Hong Kong bourse said.

The e-commerce service provider attributed the anticipated rise in profit mainly to a fall in expenses related to the listing of the company’s shares on the stock exchange in June 2022 and strict cost management measures.

Price (HKD): $0.70, Change: $-0.02, Percent Change: -2.78%

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