WK GROUP Issues Profit Warning, Expects FY2025 Net Profit to Not Exceed HK$18 Million, Marking a Year-on-Year Decline
Stock News
Feb 03
WK GROUP (02535) has announced that, based on a preliminary assessment of the Group's unaudited consolidated management accounts and the information currently available to the Board for the year ending December 31, 2025 (the reporting period), the Group anticipates achieving a net profit not exceeding approximately HK$18 million. This compares to a net profit of about HK$31.5 million for the year ended December 31, 2024. The decrease in net profit is primarily attributable to a narrowing of the gross profit margin, mainly due to tight budgets from main contractors, which prompted the Group to lower its tender prices during the reporting period to secure construction 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.