Grandshores Technology Anticipates Profit Turnaround

Grandshores Technology Group Limited (HK:1647) has released an update.

Grandshores Technology Group Limited has issued a positive profit alert, anticipating a profit of S$1.0 million to S$3.0 million for the financial year ending March 31, 2024, reversing the previous year’s S$6.5 million loss. This turnaround is credited to growth in their IT Development and Application business and an increase in awarded tenders for integrated building services and construction works. The company advises shareholders and potential investors to await the final annual results due by June 2024 for detailed financials.

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