---
title: "\"Profit Warning\" BGMC International estimates mid-term loss to expand to 24.4 million ringgit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283255431.md"
description: "BGMC International issued a profit warning, expecting a net loss of approximately 24.4 million Malaysian Ringgit for the six months ending in February, compared to a net loss of 7 million Malaysian Ringgit in the same period last year. The increase in losses is mainly due to additional default compensation costs incurred by projects; additional correction costs and cost overruns from a major construction and structural engineering project, leading to a decline in gross profit margin; a decrease in other income; and no profits from discontinued operations during the period"
datetime: "2026-04-19T13:18:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283255431.md)
  - [en](https://longbridge.com/en/news/283255431.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283255431.md)
---

# "Profit Warning" BGMC International estimates mid-term loss to expand to 24.4 million ringgit

BGMC International (01693.HK) issued a profit warning, expecting a net loss of approximately 24.4 million Malaysian Ringgit for the six months ending in February, compared to a net loss of 7 million Malaysian Ringgit in the same period last year. The increase in losses is mainly due to additional default compensation costs incurred by projects; extra correction costs and cost overruns from a major construction and structural engineering project, leading to a decline in gross profit margin; a decrease in other income; and no profits from discontinued operations during the period

### Related Stocks

- [01693.HK](https://longbridge.com/en/quote/01693.HK.md)

## Related News & Research

- [US private credit defaults hit 12-month high 6% in April, Fitch says](https://longbridge.com/en/news/286801661.md)
- [ZAWYA: Joramco supports Tawasol 2026, reaffirming its commitment to empowering Jordanian youth](https://longbridge.com/en/news/286925638.md)
- [Raffles Interior Probes Anonymous Allegations Against Key Figure Over Huahan Ties and Funding Source](https://longbridge.com/en/news/286671757.md)
- [Synchrony posts April 2026 monthly charge-off rate of 5.5% and 30+ delinquency at 4.3%](https://longbridge.com/en/news/286544042.md)
- [Able Engineering wins HK$1.63bn Tung Chung residential land tender to drive push into property development](https://longbridge.com/en/news/286995241.md)