Company Issues Profit Warning, Anticipates Annual Net Loss Between HK$22 Million and HK$30 Million

Stock News

Jun 10

The company has announced that for the financial year ending March 31, 2026, it is expecting to record a net loss in the range of approximately HK$22 million to HK$30 million. This compares to a net loss of HK$31 million for the previous financial year ended March 31, 2025.

The board attributes the anticipated net loss primarily to two key factors. Firstly, there was a significant decline of approximately 88.6% in revenue generated from construction contracts. This revenue fell from HK$156.2 million in the year ended March 31, 2025, to just HK$17.9 million for the year ending March 31, 2026.

Secondly, the company's gross margin experienced a severe downturn. It shifted from a positive gross margin of around 22% to a negative gross loss margin of approximately 104%. This substantial deterioration is a result of the overall downturn in the real estate market, coupled with a reduction in both the value and profit margins of projects the group undertook during the period.

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This substantial deterioration is a result of the overall downturn in the real estate market, coupled with a reduction in both the value and profit margins of projects the group undertook during the period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1148","symbol_name":"建筑与工程","start_time":0,"source_url":"","article_id":"1182094621","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182094621","pubTimestamp":1781096805,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"The company has announced that for the financial year ending March 31, 2026, it is expecting to record a net loss in the range of approximately HK$22 million to HK$30 million. 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