NGAI HING HONG Projects Mid-Year Profit Turnaround

Stock News
Feb 16

NGAI HING HONG (01047) has announced a positive profit alert. Compared to a loss attributable to shareholders of HK$6.803 million for the six months ended December 31, 2024, the group anticipates achieving a profit attributable to shareholders of not less than HK$1 million for the six months ending December 31, 2025. This return to profitability is attributed to the group's focused efforts on its core business, adapting to market changes, and strengthening its operational foundation, leading to an increase in both gross profit and gross profit margin. Furthermore, a decline in market interest rates has significantly alleviated the group's interest cost pressure, contributing to the profit.

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