MEXAN Issues Profit Warning, Anticipates Annual Net Loss Between HK$2 Million and HK$3 Million

Stock News
Jun 26

The company has released an announcement indicating an expected net loss from continuing operations for the year ending March 31, 2026, in the range of approximately HK$2 million to HK$3 million.

This compares to a net loss from continuing operations of HK$38.9 million for the previous financial year ended March 31, 2025.

Based on currently available information, the anticipated reduction in losses from continuing operations is primarily attributed to several factors.

These include a decrease in impairment losses on investment properties.

Additionally, effective cost control in administration and operations has led to reduced administrative expenses.

Furthermore, gross profit and revenue from the building materials trading and renovation and construction business have increased as renovation and construction services entered the final stages of projects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10