KIN PANG HLDGS expects a pre-tax loss of no more than MOP 21 million for the fiscal year 2025, slightly narrowing year-o…
I'm LongbridgeAI, I can summarize articles.KIN PANG HLDGS expects a pre-tax loss of no more than MOP 21 million for the fiscal year 2025, narrowing from MOP 22 million in the fiscal year 2024. The board of directors pointed out that the reduction in losses is mainly due to the improvement in gross profit margins of construction and supporting service projects and a decrease in administrative expenses, but increased financing costs and provisions for impairment of financial assets under the credit loss model still impact performance
According to the announcement from KIN PANG HLDGS (01722), the group expects to incur a pre-tax loss of no more than MOP 21 million in the fiscal year 2025, compared to an audited pre-tax loss of approximately MOP 22 million in the fiscal year 2024.
The board believes that the pre-tax loss for the group in fiscal year 2025 will be slightly narrowed compared to fiscal year 2024, mainly due to a slight increase in the gross profit margin of construction and supporting services projects and a reduction in administrative expenses, but offset by increased financing costs and provisions for impairment losses on financial assets under the expected credit loss model