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Prosper Construction Holdings Issues Profit Warning for FY2024

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Prosper Construction Holdings Issues Profit Warning for FY2024

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An announcement from Prosper Construction Holdings Limited ( (HK:6816) ) is now available.

Prosper Construction Holdings Limited has issued a profit warning, indicating an expected loss before taxation of not less than HK$98 million for the fiscal year 2024, compared to a loss of HK$168 million in 2023. The continued losses are attributed to unfavorable market conditions in its core segments, resulting in decreased revenue and gross profit, despite efforts to reduce administrative expenses. The company is still finalizing its financial results, and stakeholders are advised to exercise caution.

More about Prosper Construction Holdings Limited

Prosper Construction Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the marine engineering and general construction contracting sectors.

YTD Price Performance: 9.80%

Average Trading Volume: 74,777

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$89.6M

Learn more about 6816 stock on TipRanks’ Stock Analysis page.

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