SHUN WO GROUP released its annual performance, with a loss attributable to shareholders of HKD 5.693 million, turning from profit to loss year-on-year
SHUN WO GROUP announced its annual results for the year ending March 31, 2025, with revenue of HKD 166 million, a year-on-year decrease of 50.14%. The loss attributable to shareholders was HKD 5.693 million, compared to a profit of HKD 39.465 million in the same period last year, resulting in a loss per share of HKD 1.42. The announcement pointed out that the sharp decline in revenue was mainly due to the completion of previous large-scale foundation projects, while new projects are in the initial stages
According to the Zhitong Finance APP, SHUN WO GROUP (01591) announced its annual performance for the year ending March 31, 2025, reporting revenue of HKD 166 million, a decrease of 50.14% year-on-year; the loss attributable to shareholders was HKD 5.693 million, compared to a profit of HKD 39.465 million in the same period last year; the loss per share was HKD 1.42 cents.
The announcement stated that the sharp decline in revenue was mainly due to the completion of several large foundation projects awarded in previous years, while newly awarded projects were still in the initial stages during the review period
