01718

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[Corporate Earnings Surprise] WAN KEI GROUP expects full-year net loss to decrease to no more than 30 million yuan

etnet

Jun 21 at 07:24 PM

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According to a report from the Economic Information Agency on the 22nd, WAN KEI GROUP announced that it expects the net loss for the year ending March 31 to not exceed HKD 30 million, narrowing from a net loss of approximately HKD 51.43 million in the previous year. The group indicated that the expected decrease in net loss is primarily due to a large-scale infrastructure project contributing higher gross profit, as well as a reduction in general and administrative expenses. The group expects to announce its results this Thursday (25th). (wh)

According to a report from the Economic Information Agency on the 22nd, WAN KEI GROUP (01718) announced that it expects a net loss not exceeding HKD 30 million for the year ending March 31, narrowing from a net loss of approximately HKD 51.43 million in the previous year.

The group indicated that the expected reduction in net loss is primarily due to a large-scale infrastructure project contributing higher gross profit, as well as a decrease in general and administrative expenses.

The group expects to announce its results this Thursday (25th). (wh)

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