Asia
Kin Shing Expects Return to Full-Year Profit
Kin Shing (HKG:1630) expects consolidated profit after tax of up to HK$2.0 million for the year ended March 31, compared with a loss of about HK$9.5 million a year earlier.The formwork services company attributed the profit to a lower impairment provision under the expected credit loss model of about HK$1.0 million versus HK$13.9 million a year earlier, as well as an increase in gross profit of HK$4.5 million, according to a Hong Kong bourse filing on Thursday.
HKG:1630
