THELLOY DEV Issues Profit Warning, Anticipates Annual Net Loss to Narrow to No More Than HK$35 Million
Stock News
Jun 16
An announcement from THELLOY DEV (01546) indicates that, based on a preliminary review of the group's unaudited financial information for the year ended March 31, 2026, the company expects to record a net loss not exceeding HK$35 million for this fiscal period. This compares to a net loss of approximately HK$51.4 million for the previous year ended March 31, 2025.
The anticipated reduction in losses for the current year is primarily attributed to several factors. These include an increase in revenue and gross profit, a decrease in losses attributable to joint venture companies, and a rise in other income from the Construction Innovation and Technology Fund compared to the prior year.
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