Vicon Holdings (03878.HK) announced that it expects a net profit of approximately HKD 7.5 million to HKD 9.1 million for the fiscal year ending on March 31, 2024, an increase of approximately 213% to 279% compared to the previous year's net profit of about HKD 2.4 million.

The board of directors believes that the increase in net profit is mainly due to the following factors: 1. Other income from the sale of steel work platforms increased after transferring the construction site to the relevant contractors responsible for general construction this year, while there was no such income in the previous year; and 2. The impairment loss of financial assets has decreased.