WING FUNG GROUP issued a profit warning, expecting a mid-term net loss of approximately HKD 2 million to HKD 3 million, a year-on-year turnaround from profit to loss
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WING FUNG GROUP announced a profit warning, expecting to incur a net loss of approximately HKD 2 million to 3 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 2.3 million for the same period in 2024. The anticipated loss is mainly due to project delays caused by economic downturns, resulting in a revenue decrease of approximately HKD 11.6 million, as well as cost overruns due to delays in multiple projects, leading to a significant decline in gross profit margin
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