Lung Kee Group Holdings Projects Significant Reduction in Net Loss for First Half of 2025
Reuters
Jul 04
Lung Kee Group Holdings Projects Significant Reduction in Net Loss for First Half of 2025
Lung Kee Group Holdings Limited has issued a profit alert indicating a reduction in losses for the first half of 2025. The company expects to report a net loss of no more than HK$5 million for the six months ending June 30, 2025, a significant improvement from the HK$24 million net loss recorded in the same period in 2024. The improvement is attributed to a decline in raw material purchase prices, despite a decrease in the Group's total revenue. The company is in the process of finalizing its interim results, with a full report expected by the end of August 2025. Investors and shareholders are advised to proceed with caution when dealing with the company's shares, as the current figures are preliminary and subject to adjustments following further review.
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