FREETECH issued a profit warning, expecting a net loss of approximately HKD 8 million in the first half of the year
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According to the Zhitong Finance APP, FREETECH announced that the group expects to incur a net loss of approximately HKD 8 million in the first half of 2025, compared to a net loss of approximately HKD 8.5 million in the same period of 2024. Although it is anticipated that the revenue from the group's asphalt pavement maintenance services and equipment sales segment will increase for the six-month period ending June 30, 2025, a net loss is still expected during the period due to a decrease in the reversal of impairment of trade receivables and contract assets
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