Freetech Road Recycling Technology Expects HK$8 Million Net Loss for First Half of 2025

Reuters
Jul 18
Freetech Road Recycling Technology Expects HK$8 Million Net Loss for First Half of 2025

Freetech Road Recycling Technology Holdings Ltd. has issued a profit warning, indicating an anticipated net loss of approximately HK$8.0 million for the six months ending June 30, 2025. This forecasted loss is slightly less than the net loss of approximately HK$8.5 million recorded for the same period in 2024. Despite an expected increase in revenue from its asphalt pavement maintenance services and equipment segment, the company projects a net loss for the period. The announcement serves as a preliminary assessment based on currently available information and has not yet been audited or reviewed by the company's auditor or audit committee. The interim results are expected to be released in August 2025, and shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

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