MECOM POWER issues a profit warning, expecting a mid-term net profit increase of over 125% to no less than 18 million Macanese Patacas
MECOM POWER expects that the mid-term net profit for the period ending June 30, 2025, will not be less than MOP 18 million, representing a year-on-year increase of over 125%. This growth is mainly attributed to the increase in revenue from construction operations, particularly the certification of construction projects for the Macao Peninsula substation and government data center, as well as the improvement in gross profit margin for the steel structure business
According to the Zhitong Finance APP, MECOM POWER (01183) announced that the group expects to achieve a net profit of no less than MOP 18 million for the six months ending June 30, 2025, an increase of over 125% compared to the net profit of MOP 8 million for the six months ending June 30, 2024.
The expected increase in net profit during this period is mainly due to (i) an increase in revenue from the group's construction business, which is attributed to the certification of a large number of construction projects for a substation on the Macau Peninsula and the Macau government data center during this period, and (ii) market expansion leading to improved gross profit margins in the steel structure business
