Understanding the Market | MECOM POWER rises over 19%, expected to see a year-on-year increase of over 125% in net profit for the first half of the year
MECOM POWER rose over 19%, as of the time of writing, up 19.28%, priced at HKD 0.198, with a transaction volume of HKD 1.682 million. In terms of news, MECOM POWER issued a profit warning, with the group expecting to achieve a net profit of no less than MOP 18 million for the six months ending June 30, 2025, an increase of over 125% compared to the net profit of MOP 8 million for the six months ending June 30, 2024. The expected increase in net profit during this period is mainly due to the increase in revenue from the group's construction business, attributed to the certification of a large number of construction projects for a substation on the Macau Peninsula and the Macau government data center during this period, as well as market expansion improving the gross profit margin of the steel structure business
According to Zhitong Finance APP, MECOM POWER (01183) rose over 19%, with a current increase of 19.28%, priced at HKD 0.198, and a trading volume of HKD 1.682 million.
On the news front, MECOM POWER issued a profit warning, expecting to achieve a net profit of no less than MOP 18 million for the six months ending June 30, 2025, an increase of over 125% compared to the net profit of MOP 8 million for the six months ending June 30, 2024. The expected increase in net profit during this period is mainly due to the increase in revenue from the group's construction business, attributed to the certification of a large number of construction projects, including a substation on the Macau Peninsula and the Macau government data center, as well as market expansion improving the gross profit margin of the steel structure business
