Guoen Holdings (08121) announced that for the year ending March 31, 2024, the group expects its full-year performance ...
According to the announcement released by Guoen Holdings (08121), for the fiscal year ending on March 31, 2024, the group expects that its full-year performance will improve from a loss of approximately 5.9 million Hong Kong dollars for the fiscal year ending on March 31, 2023, to a net profit not less than approximately 2.7 million Hong Kong dollars for the year.
The performance improved this year, mainly due to the continued implementation of control spending policy, resulting in a reduction in administrative expenses related to the use of rights and employee costs; sales expenses generated marketing-related expenses reduction, and related impact part was offset by the reduction of subsidies received by the "job retention" plan by the Hong Kong SAR government.