KIN PANG HLDGS issues a profit warning, expecting to turn a loss into a profit of approximately 400,000 Macanese Patacas in the first half of the year compared to the same period last year

KIN PANG HLDGS expects a net profit of approximately MOP 400,000 in the first half of 2025, turning a profit from a net loss of approximately MOP 11.3 million in the same period of 2024. The main reason is that the gross profit margin of construction and supporting services projects increased from 1.3% to 4.4%, while administrative expenses and credit loss impairments decreased, although rising financing costs had a certain impact on performance