CNQC INT'L issues a profit warning, expecting annual profit attributable to shareholders to be no less than HKD 40 million, turning from loss to profit year-on-year
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CNQC INT'L expects that the annual profit attributable to shareholders for the year ending December 31, 2024, will not be less than HKD 40 million, achieving a turnaround from a loss of approximately HKD 490 million in the same period of 2023. This change is mainly attributed to increased revenue from construction projects in Singapore and optimized construction costs, leading to an overall improvement in gross profit margin. At the same time, the group is optimizing its debt structure, strictly controlling costs, and reducing financing costs and administrative expenses
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