IN Construction Holdings Ltd. Reports 28.6% Drop in Revenue to HKD 273.6 Million; Loss from Operations Widens to HKD 18.7 Million for Fiscal Year Ending March 2025

Reuters
27 Jun
IN Construction Holdings Ltd. Reports 28.6% Drop in Revenue to HKD 273.6 Million; Loss from Operations Widens to HKD 18.7 Million for Fiscal Year Ending March 2025

IN Construction Holdings Ltd. has announced its annual consolidated results for the year ended 31 March 2025. The Company reported a revenue of HKD 273.6 million, a decrease from HKD 383.1 million recorded in the previous year. The direct costs for the year amounted to HKD 273.4 million, compared to HKD 376.1 million in 2024, resulting in a gross profit of HKD 0.2 million, down from HKD 7 million. Other revenue increased significantly from HKD 1.1 million to HKD 1.8 million. The Company incurred administrative and other operating expenses totaling HKD 20.7 million, slightly up from HKD 20.6 million in the previous year. Consequently, the Company recorded a loss from operations of HKD 18.7 million, compared to a loss of HKD 12.6 million in 2024. The Group's business operations remain focused solely in Hong Kong, and it is regarded as a single operating segment.

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