Shun Wo Group (HKG:1591) expects a net loss of between HK$4 million and HK$7 million for the year ended March 31, compared with a net profit of HK$39.5 million a year prior, a Thursday Hong Kong bourse filing said.

The foundation contractor attributed the anticipated swing to loss mainly to a lower revenue, a direct cost for newly awarded projects, a rise in impairment losses on financial and contract assets, and higher administrative and operating expenses.