Landrich Holding Limited Warns of Profit Decline

Landrich Holding Limited (HK:2132) has released an update.

Landrich Holding Limited has issued a profit warning, anticipating a significant drop in net profit to between HK$2.0 million and HK$3.0 million for the six months ending September 2024, compared to HK$17.6 million the previous year. The decline is attributed to a lower gross profit margin due to delays in project instructions and increased construction and staff costs. Investors are advised to exercise caution as the company’s interim results will be finalized by the end of November.

For further insights into HK:2132 stock, check out TipRanks’ Stock Analysis page.