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New Concepts Holdings Ltd ( (HK:2221) ) has provided an announcement.
New Concepts Holdings Ltd has issued a profit warning, indicating an expected net loss of up to HK$100 million for the fiscal year ending March 2025, compared to a net profit of approximately HK$2.86 million in the previous year. The anticipated loss is attributed to the absence of a one-off gain from a capital injection in FY2024, increased fair value loss on investment properties, higher administrative expenses due to project expansion, and a rise in expected credit loss on financial and contract assets.
More about New Concepts Holdings Ltd
New Concepts Holdings Ltd is a company incorporated in the Cayman Islands, operating in the construction industry. The company is involved in large-scale construction projects and has a focus on leveraging patented technologies.
Average Trading Volume: 13,787,593
Technical Sentiment Signal: Sell
Current Market Cap: HK$120.5M
For detailed information about 2221 stock, go to TipRanks’ Stock Analysis page.