M&L HOLDINGS issued a profit warning, expecting an annual loss of approximately HKD 13.4 million, a year-on-year turnaround from profit to loss
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M&L HOLDINGS issued a profit warning, expecting to incur a loss of approximately HKD 13.4 million for the year ending December 31, 2024, compared to a profit of HKD 9.4 million for the same period in 2023. The board of directors pointed out that the loss is mainly due to a decrease in revenue of approximately HKD 86 million (56%), attributed to clients delaying orders for tunnel products and a reduction in revenue after the completion of large projects
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