On June 21st, Geely Finance reported that Vico Intl Hldgs (01621.HK) is expecting a net profit of approximately HKD 15-19 million for the fiscal year ending March 30, 2024, compared to a net profit of approximately HKD 8.8 million during the same period. The expected increase in net profit during the reporting period is mainly due to the continuous improvement of diesel sales and a reduction of not less than HKD 7 million in sales and distribution expenses, administrative and operating expenses, compared to the corresponding period.

The expected increase in net profit during the reporting period is mainly due to the continuous improvement of diesel sales and a reduction of not less than HKD 7 million in sales and distribution expenses, administrative and operating expenses, compared to the corresponding period.