Market Status CLOSED Thursday 29 February 2024

NIC'S PUBLIC NOTICE - Profit Warning 2024

The Board of NIC Holdings Limited (NIC) wishes to inform esteemed shareholders of the Company and the general public that based on preliminary results from the operating subsidiaries whose financial statements are consolidated into the Company’s financial statements, the profit for the year ended 31st December, 2023 will decline by more than 25%. The subsidiaries’ performance in the past year had been affected by several factors including macroeconomic factors within the operating environment and the impact of IFRS 17 implementation amongst others.


Please find the attached announcement below.