"Profit Warning" SANG HING HLDGS estimates that losses in the first half of the year will increase to HKD 14 million

SANG HING HLDGS (01472.HK) issued a profit warning, expecting a net loss of no more than HKD 14 million for the six months ending in September, compared to a loss of HKD 9 million in the same period last year. The increase in losses is mainly due to the rise in employee costs included in administrative expenses and additional costs incurred for bidding on new tender projects from the Hong Kong government