Freetech Road Recycling Technology (HKG:6888) expects a net loss of around HK$50 million for the year ending Dec. 31, compared with a profit of HK$12.6 million a year prior, a Friday Hong Kong bourse filing said.
The road maintenance services provider attributed the forecast to a lower revenue from the asphalt pavement maintenance segment, and an impairment of trade receivables and contract assets.
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