Skymission Group Holdings (HKG:1429) expects a net loss between HK$15 million and HK$25 million for the six months ended Sept. 30, wider than HK$4.2 million loffed logged a year ago, a Tuesday Hong Kong bourse filing said.
The company attributed the increase in fiscal H1 loss to fewer new construction projects resulting from the slowdown in the property market, a reduction in gross profits resulting from the competitive market and an increase in on-site costs.
Shares of the formwork works subcontractor company were up nearly 4% in recent trade.
Price (HKD): $0.03, Change: $+0.0010, Percent Change: +3.70%
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