GC Construction FY26 loss widens to HK$60.8 million; revenue drops 51.1% to HK$259.6 million
I'm LongbridgeAI, I can summarize articles.GC Construction reported a widened FY26 loss of HK$60.8 million and a 51.1% revenue drop to HK$259.6 million, driven by HK$45.4 million in impairment losses. Despite a rising backlog of HK$690.1 million, the company is tightening tendering strategies to prioritize stable-margin projects and focusing on government-led infrastructure while implementing stricter cost controls.
- GC Construction’s revenue fell 51.1% to HK$259.6 million for the year ended March 31, 2026. * Loss attributable to owners widened to HK$60.8 million; basic loss per share deepened to HK6.1 cents. * Operating loss widened to HK$60.7 million on impairment losses of HK$45.4 million on trade receivables and contract assets. * Backlog rose to about HK$690.1 million across 37 projects; strategy tightened tendering to prioritize stable-margin, low credit-risk work. * Outlook centers on wet trades works, targeted bids for government-led public housing and infrastructure, and tighter cost controls to protect margins. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GC Construction Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260625-12214997), on June 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)