On June 21st, Gelunhui announced that the management of Gain Plus Hldgs (09900.HK) estimated a decrease in the group's annual net profit after tax as of March 31, 2024. The company estimates that the group's net profit after tax for the year ending March 31, 2024, will be between approximately HKD 30 million and HKD 36 million, relative to a net profit after tax of approximately HKD 56.7 million for the year ending March 31, 2023.
According to available information from the Board of Directors, the decrease in net profit after tax is mainly due to a decrease in revenue and gross margin from maintenance, upkeep, expansion and renovation services.