SAM WOO CONS (03822) Issues Profit Alert, Expects Interim Profit of No Less Than HK$40 Million

Stock News
2025/11/06

SAM WOO CONS (03822) announced that the group anticipates achieving a profit of no less than HK$40 million for the six-month period ending September 30, 2025, marking a significant increase compared to the HK$3 million profit recorded in the same period last year. The expected profit growth is primarily attributed to: (a) efficient construction progress in the Lantau Island project, contributing the majority of revenue and profit during this period; (b) final account settlements for major completed contracts from previous years, generating additional contract revenue and profit; and (c) the absence of impairment losses on trade receivables and retention money similar to those incurred in the prior-year period.

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