Hing Ming Holdings (08425) announced that the Group is expected to achieve a pre-tax loss of approximately 7.8 million Hong Kong dollars for the 6 months ended on September 30, 2024 (this period)...
According to the announcement by Hing Ming Holdings (08425) on the Wise Wealth APP, the Group is expected to incur a pre-tax loss of approximately 7.8 million Hong Kong dollars for the 6 months ended on September 30, 2024 (this period), while a pre-tax profit of approximately 4.8 million Hong Kong dollars was recorded for the 6 months ended on September 30, 2023 (previous period).
The Group's financial performance during this period has decreased compared to the previous period, mainly due to a decrease in revenue from approximately 53.5 million Hong Kong dollars to approximately 40.8 million Hong Kong dollars, a decrease of approximately 12.7 million Hong Kong dollars. This decrease was caused by a reduction in the number of construction projects, leading to a decrease in revenue from construction equipment leasing and related services.
