[Corporate Profit Warning] KIN PANG HLDGS expects a pre-tax loss not exceeding MOP 21 million for the fiscal year 2025
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 reduction in losses is mainly due to a slight increase in the gross profit margin of construction and supporting service projects and a decrease in administrative expenses, but increased financing costs and impairment provisions for financial assets under the credit loss model still impact performance
According to a report from the Economic Information Agency on the 18th, KIN PANG HLDGS (01722) announced that it expects to record a pre-tax loss of no more than 21 million Macanese Patacas in the fiscal year 2025, compared to an audited pre-tax loss of approximately 22 million Macanese Patacas in the fiscal year 2024.
The group's pre-tax loss in fiscal year 2025 is expected to narrow slightly, mainly due to a slight increase in the gross profit margin of construction and supporting service projects and a reduction in administrative expenses. However, this is offset by increased financing costs and provisions for impairment losses on financial assets under the expected credit loss model. (kl)