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Hang Yick Holdings Company Limited ( (HK:1894) ) has issued an update.
Hang Yick Holdings Company Limited has issued a profit warning, projecting a significant loss of at least HK$20 million for the year ending March 31, 2025, compared to a HK$4.1 million loss the previous year. The increased loss is attributed to deteriorating market conditions, leading to higher expected credit losses, and a decrease in gross profit margins due to price competition and rising costs in construction materials and labor.
More about Hang Yick Holdings Company Limited
Hang Yick Holdings Company Limited is a company incorporated in the Cayman Islands, operating in the construction industry. The company focuses on providing construction services and products, dealing with challenges such as market conditions and competition.
Average Trading Volume: 4,251,037
Technical Sentiment Signal: Sell
Current Market Cap: HK$28.55M
Learn more about 1894 stock on TipRanks’ Stock Analysis page.