M&L HOLDINGS issues a profit warning, expecting a pre-tax loss of approximately HKD 3.2 million in the first half of the year
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M&L HOLDINGS expects to record a pre-tax loss of approximately HKD 3.2 million for the six months ending June 30, 2025, a decrease from the loss of HKD 8.5 million in the same period of 2024. The anticipated loss is mainly due to a revenue decrease of approximately HKD 10.5 million (35%), primarily because overseas projects have been largely completed, new projects are in the early stages, and the production progress of some existing projects has been delayed. Meanwhile, during this period, a foreign exchange gain of HKD 3.4 million was recorded, compared to a foreign exchange loss of HKD 1.9 million in the previous period
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