Vongroup Flags Drop in H1 Profit; Shares Decline 2%

MT Newswires Live

07/31

Vongroup (HKG:0318) expects its fiscal profit to drop by more than half year over year, according to a Hong Kong bourse filing Wednesday.

Shares of the tech company fell over 2% in recent trade Thursday.

The company expects attributable profit of HK$10 million to HK$12 million for the year ended April 30, compared with HK$21.1 million in the last fiscal year.

The company expects to post its fiscal results following a board meeting Thursday.

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