Oneconstruction Group Ltd. Reports 16.2% Decline in Revenue for FY2025; Net Income Falls 47.6%
Oneconstruction Group Ltd. has released its annual report for the fiscal year ending March 31, 2025. The company reported a revenue of $53.205 million, a decrease of 16.2% from the previous fiscal year's $63.463 million. The decline in revenue is primarily attributed to a reduction in construction projects in Hong Kong, where the company operates as a structural steelwork contractor. The total comprehensive income attributable to shareholders was $942,000, reflecting a 47.6% decrease from $1.797 million in the previous year. This significant reduction in comprehensive income indicates challenges faced by the company in maintaining its profitability. Oneconstruction Group Ltd. operates primarily through its subsidiary, OneC Engineering, which focuses on construction projects in both the public and private sectors in Hong Kong. The company has no material operations of its own and conducts business through its subsidiaries, with clients mainly being the Hong Kong government and property developers. No specific outlook or guidance for future operations was provided in the report.
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