HSC Resources Group (HKG:1850) expects a profit of at least HK$2 million for the year ended April 30, down from around HK$7.4 million a year prior, a July 26 bourse filing said.
The fire safety company attributed the fall in profit mainly to a lower gross profit margin amid a rise in cost of sales, a decline in other income due to a decrease in government grants, and higher finance costs.
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