KWONG MAN KEE (08023.HK) announced that the group is expected to record an increase in profit by not less than 145% for the year ended 31 March 2021 as compared with profit for corresponding period of 2020.
The substantial increase in profit for the year was mainly attributable to the increase of revenue and gross profit margin, which was driven by factors like the increase in the number of projects undertaken during said period and the higher profit margin in certain projects as compared with the year ended 31 March 2020.
The substantial increase in profit for the year was mainly attributable to the increase of revenue and gross profit margin, which was driven by factors like the increase in the number of projects undertaken during said period and the higher profit margin in certain projects as compared with the year ended 31 March 2020.