Tsui Wah Expects to Book Lower Profit in Fiscal 2024; Stocks Jump 9%

MT Newswires Live06-18

Tsui Wah Holdings (HKG:1314) expects a lower profit attributable to the owners of HK$42 million for the fiscal year ended March 31, compared with a profit of HK$60.6 million in the previous year, according to a Monday filing on the Hong Kong bourse.

The company attributed the expected profit to the rebound in China and Macau business.

The final results are expected to be published before the end of June.

The company's shares were up by almost 9% in recent trading.

Price (HKD): $0.20, Change: $+0.02, Percent Change: +8.79%

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