On November 15, Gelonghui reported that bgmc (01693.HK) announced that, according to a preliminary assessment of the group's unaudited consolidated management accounts for the six-month period ending September 30, 2024, and the information currently available to management, the group expects to record an unaudited net loss attributable to equity holders of the company of approximately 8.3 million ringgit, compared to a net loss attributable to equity holders of the company of 14.1 million ringgit for the six-month period ended September 30, 2023.

The decrease in net loss during the reporting period was mainly due to (including): (i) an increase in revenue due to significant progress on newly obtained projects; (ii) a reduction in recognized gross losses due to lower project cost overruns; and (iii) a decrease in finance costs during the reporting period.