SUNRAY ENG GP (08616) has announced a forecast indicating that for the fiscal year ending March 31, 2026, the group expects to achieve a net profit of no less than HKD 4 million. This represents a significant turnaround from the net loss of approximately HKD 13.3 million recorded for the previous fiscal year ended March 31, 2025.

The anticipated shift to profitability for the 2026 fiscal year is primarily attributed to several key factors. These include an increase in revenue and gross profit driven by a higher number of projects with improved gross margins during the period. Additionally, the reversal of impairment provisions for trade receivables and contract assets, which include retention receivables, by about HKD 12.9 million has contributed positively. A reduction in selling and distribution expenses has also supported the improved financial performance.