On June 19th, Gleaneagle Securities Research announced that Winson Holdings HK (06812.HK) is expected to have a total revenue of approximately HKD 470 million in the 2024 fiscal year, an increase of approximately 1.8%. The net profit for the year was HKD 10.9 million, a year-on-year decrease of 55.9%. The board of directors has proposed to distribute a final dividend of HKD 0.727 per share for the year ending March 31, 2024 (2023: HKD 1.650 per share).
The increase in revenue is mainly due to the recovery of aviation dining support services and the group has successfully won three MTR cleaning contracts starting in February 2024, with total revenue of more than HKD 18 million per month. The additional revenue for fiscal year 2024 can offset the impact of the lack of one-time disinfection service revenue in fiscal year 2023.