Prosper Construction Forecasts Steeper Losses

Prosper Construction Holdings Limited (HK:6816) has released an update.

Prosper Construction Holdings Limited warns of an anticipated loss before taxation of over HK$60 million for the first half of 2024, exacerbating from the previous year’s HK$43 million loss, primarily due to significant revenue declines in both general and marine construction segments and increased finance costs. The company advises shareholders and potential investors to exercise caution when dealing with its shares and to await the finalized interim results due by the end of August 2024.

For further insights into HK:6816 stock, check out TipRanks’ Stock Analysis page.