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An announcement from In Construction Holdings Ltd ( (HK:1500) ) is now available.
In Construction Holdings Ltd has issued a profit warning, indicating an expected increase in consolidated net loss to approximately HK$15 million to HK$20 million for the year ended 31 March 2025, compared to a HK$12.9 million loss the previous year. This increase is mainly due to unexpected delays in foundation projects and changes in estimates of variation orders from past projects. Despite this, the company maintains a strong financial position with low net gearing and remains optimistic about long-term growth in the construction industry.
More about In Construction Holdings Ltd
In Construction Holdings Ltd is a company incorporated in the Cayman Islands, operating in the construction industry. The company, along with its subsidiaries, focuses on foundation projects and other construction-related services.
Average Trading Volume: 325,714
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$51.46M
Learn more about 1500 stock on TipRanks’ Stock Analysis page.