CNQC INT'L issues a profit warning, expecting the profit attributable to shareholders for the fiscal year 2025 to be no …
I'm LongbridgeAI, I can summarize articles.CNQC INT'L announced a profit warning, expecting the profit attributable to shareholders for the fiscal year 2025 to be no less than HKD 60 million, an increase from HKD 46 million in the fiscal year 2024. The expected increase in profit is attributed to the optimization of construction costs in Singapore, which improved the gross profit margin, as well as the optimization of the debt structure, which reduced financing costs
According to the Zhitong Finance APP, CNQC INT'L (01240) announced that the group expects to achieve a profit attributable to shareholders of no less than HKD 60 million for the year ending December 31, 2025 (reporting period), while for the year ending December 31, 2024, it expects to achieve a profit attributable to shareholders of approximately HKD 46 million.
The increase in expected profit is mainly due to (i) the optimization of construction costs in Singapore, which has led to an increase in the gross profit margin of the group's Singapore construction division during the reporting period compared to the year ending December 31, 2024; (ii) the meticulous optimization of the group's debt structure, resulting in a decrease in financing costs