Horizon Construction Development (HKG:9930) forecasts its loss in the first quarter will narrow from the year-ago period, according to a Monday filing with the Hong Kong bourse.
The company's loss narrowed due to higher revenue and utilization rates during the first quarter, with revenue from overseas operations comprising 15% of total revenue, the filing said.
Horizon's aerial work platforms saw a utilization rate of 78%, the filing said.
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