GC Construction Holdings Limited (HK:1489) has released an update.
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GC Construction Holdings Limited has issued a profit warning, anticipating a net loss of at least HK$7.0 million for the six months ending September 2024, a stark contrast to the HK$16.6 million profit from the previous year. The loss is primarily attributed to increased subcontracting charges and volatile real estate market conditions affecting new projects. Investors are urged to exercise caution as the final results are yet to be confirmed.
For further insights into HK:1489 stock, check out TipRanks’ Stock Analysis page.