Twintek Investment Holdings Announces Turnaround to HK$2.0 Million Profit, Revenue Nearly Doubles

Reuters
05/28
Twintek Investment Holdings Announces Turnaround to HK$2.0 Million Profit, Revenue Nearly Doubles

Twintek Investment Holdings Ltd. has released a positive profit alert indicating an expected turnaround from a consolidated net loss of approximately HK$36.7 million in 2024 to a consolidated net profit of not more than HK$2.0 million for the year ending 31 March 2025. This anticipated improvement is primarily attributed to the resumption of construction progress by main developers, which nearly doubled the revenue generated from timber floorings. Additionally, the Group expanded its range of services, contributing to further revenue generation. A reversal of a previously provided impairment loss for a project amounting to approximately HK$6.5 million also positively impacted the results. However, this gain was partially offset by an impairment loss of approximately HK$3.9 million related to a customer liquidation during the year. The financial results are based on a preliminary assessment of the unaudited consolidated management accounts, with final results expected to be announced in late June 2025. The company advises shareholders and potential investors to exercise caution when dealing in its shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twintek Investment Holdings Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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