IWS Group (HKG:6663) expects a profit of at least HK$2 million for the year ended March 31, down from HK$13.7 million a year prior, a June 6 Hong Kong bourse filing said.
The security services provider attributed the lower profit mainly to higher employee benefit expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.