Thelloy Development Group (HKG:1546) expects a net loss of up to HK$35 million for the year ended March 31, compared with a net loss of HK$51.4 million a year prior, according to a Tuesday Hong Kong bourse filing.
The construction company attributed the forecast to a higher revenue and gross profit, a lower share of losses of joint ventures, and a rise in other income from the construction innovation and technology fund.
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