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BGMC International Ltd. ( (HK:1693) ) just unveiled an announcement.
BGMC International Limited has issued a profit warning, indicating an expected unaudited net loss of approximately RM48.9 million for the seventeen months ending August 31, 2025, compared to a RM1.2 million loss in the previous twelve-month period. The increased loss is attributed to several factors, including additional damages charges, reduced income from non-recurring GST write-backs, impairment losses on receivables, and reduced profits from discontinued operations. The announcement highlights significant financial challenges for the company, suggesting potential implications for shareholders and investors.
More about BGMC International Ltd.
BGMC International Limited is a company incorporated in the Cayman Islands, primarily operating in the construction and engineering industry. The company focuses on providing construction services and solutions, with a market presence in Hong Kong and Malaysia.
Average Trading Volume: 30,556
Technical Sentiment Signal: Hold
Current Market Cap: HK$90.66M
For a thorough assessment of 1693 stock, go to TipRanks’ Stock Analysis page.