Skyline Builders Group Reports 5.8% Decline in Revenues for Fiscal Year Ending March 31, 2025
Reuters
Aug 08
Skyline Builders Group Reports 5.8% Decline in Revenues for Fiscal Year Ending March 31, 2025
Skyline Builders Group Holding Ltd. has released its annual financial results for the year ending March 31, 2025. The company reported a revenue decrease of approximately 5.8%, with revenues falling from $48.8 million in 2024 to $46 million in 2025. The cost of revenue also saw a reduction, dropping by 6.2% from $45.9 million in the previous year to $43.1 million in the current year. The company's financial performance reflects the challenging market conditions and operational dynamics over the past fiscal year. Despite the decrease in revenue, the company remains optimistic about the future prospects of the Hong Kong civil engineering industry, driven by continuous government support, advancements in technology, and efforts to enhance rail connectivity that require extensive civil engineering works. These factors are expected to contribute to the industry's growth in the coming years.
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