Landrich Holding (HKG:2132) expects a net profit attributable to the owners of about HK$2.0 million to HK$3.0 million for the six months ended Sept. 30, compared with HK$17.6 million in the corresponding period of the previous year, according to a Monday filing with the Hong Kong bourse.
The company attributed the expected decrease in profit to the lower gross profit margins due to construction delays and higher staff and construction costs.
The construction engineering company plans to publish its interim results by the end of November.
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