According to the announcement, the expected net loss is mainly due to a decrease of about 53% in revenue from the sale of prefabricated building components and decoration and landscaping services, as well as a decrease in gross margin from different business activities. This is because the performance in the first half of the year continued to be under pressure in the challenging market environment, with a decline in order volume and PC prices, and decoration and landscaping is currently in the final stage and will no longer undertake new projects. In addition, the provision for bad debts increased during the period.

Dit Group (00726) announced that it is expected to obtain a net loss attributable to owners of the company of about HKD 0.18 billion in the first half of 2024. The reason for the expected net loss was mainly due to a decrease of about 53% in revenue from the sale of prefabricated building components and decoration and landscaping services, as well as a decrease in gross margin from different business activities. The decrease in gross margin was caused by the challenging market environment, which resulted in a continued pressure on performance in the first half of the year, a decline in order volume and PC prices, and the fact that decoration and landscaping is currently in the final stage and will no longer undertake new projects. In addition, the provision for bad debts increased during the period.