Thelloy Development Group Ltd. has issued a profit warning, indicating that it expects to record a net loss of up to HK$55 million for the financial year ending March 31, 2025. This marks a significant downturn from the HK$8.3 million net profit reported in the previous year. The company attributes this anticipated loss to several factors, including the recognition of shared losses from joint ventures, decreased gross profits from certain construction projects awarded in 2022 and 2023, and increased finance costs due to higher interest rates and additional bank borrowings. Furthermore, the company faced intense market competition, leading to lower margins on some projects, along with increased staff and labor costs due to extended project durations. The financial figures are based on preliminary assessments and unaudited management accounts and are subject to adjustments. The final annual results will be published by the end of June 2025, and shareholders and potential investors are urged to exercise caution when trading the company's shares.