The company has announced that for the financial year ending March 31, 2026, it is expecting to record a net loss in the range of approximately HK$22 million to HK$30 million. This compares to a net loss of HK$31 million for the previous financial year ended March 31, 2025.

The board attributes the anticipated net loss primarily to two key factors. Firstly, there was a significant decline of approximately 88.6% in revenue generated from construction contracts. This revenue fell from HK$156.2 million in the year ended March 31, 2025, to just HK$17.9 million for the year ending March 31, 2026.

Secondly, the company's gross margin experienced a severe downturn. It shifted from a positive gross margin of around 22% to a negative gross loss margin of approximately 104%. This substantial deterioration is a result of the overall downturn in the real estate market, coupled with a reduction in both the value and profit margins of projects the group undertook during the period.