SHUN WO GROUP (01591) Issues Profit Warning, Expects Interim Net Loss of HKD 15-18 Million
Stock News
Nov 20
SHUN WO GROUP (01591) announced that the Group anticipates recording a net loss of approximately HKD 15 million to HKD 18 million for the six months ending September 30, 2025, compared to a net loss of around HKD 5 million in the same period in 2024.
The Board attributes the increase in the consolidated net loss primarily to the following factors: (i) intensified competition in the foundation engineering sector leading to reduced profit margins; (ii) decreased interest income from bank deposits and lower project management fee income; (iii) higher impairment losses on financial assets and contract assets; and (iv) increased administrative and other operating expenses.
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.