TAK LEE MACH issues profit warning, expecting annual net profit to increase by approximately 250% to 300% year-on-year
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TAK LEE MACH expects its annual net profit for the year ending July 31, 2025, to increase by approximately 250% to 300% year-on-year. The growth is primarily driven by several development projects and railway projects initiated by the Hong Kong government, along with increased demand for sales and rentals of heavy equipment. In addition, the decrease in the book value of trade and lease receivables and the improvement in recovery rates have led to anticipated reversals of credit loss provisions
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