CHINA NEW HLDGS issues a profit warning, expecting an annual loss of approximately HKD 21 million to HKD 23 million
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CHINA NEW HLDGS issued a profit warning, expecting an annual loss of between HKD 21 million and HKD 23 million for the year ending March 31, 2025, a significant increase from the loss of HKD 9.8 million in the same period of 2024. The main reasons for the increase in losses include a decline in profit margins for new bidding projects, a decrease in leasing equipment rates, intensified price competition, and increased direct costs and administrative expenses due to the complexity of design work
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