Zicom Group Limited (ASX:ZGL) Announces Half-Year Profit Guidance
Financial Performance
Zicom Group Limited expects a net consolidated profit after tax between S$2.0 million and S$2.5 million for the half year ended 31 December 2024, reversing from a net loss of S$2.8 million in the previous half year.
Future Outlook
The Group acknowledges a slow but steady recovery across all its businesses. However, it forecasts a challenging global economic landscape due to geopolitical tensions, ongoing inflation, and uncertain recovery prospects.
Dividend Policy
The Board has decided not to approve any dividends at this stage, focusing instead on reducing interest-bearing loans.
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