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Rimbaco Group Global Limited ( (HK:1953) ) has provided an update.
Rimbaco Group Global Limited expects a sharp rise in profitability for the six months ended 30 April 2026, projecting consolidated net profit attributable to shareholders of about RM15.8 million, up from RM3.2 million a year earlier. Management attributes the surge mainly to the completion of a fast track project with higher margins, underscoring the company’s sensitivity to project mix and execution.
The announcement, issued during an ongoing mandatory unconditional cash offer by Aureole Halo Limited for Rimbaco’s shares, also qualifies as a profit forecast under Hong Kong’s Takeovers Code. The company notes it has not yet finalized or audited the interim results but plans to publish them on 1 June 2026, after which the detailed financial statements will be incorporated into the offer documentation for shareholders’ consideration.
More about Rimbaco Group Global Limited
Rimbaco Group Global Limited operates through a group structure and is listed on the Stock Exchange of Hong Kong. The company is engaged in project-based activities and recently completed a fast track project with relatively higher profit margins, indicating a focus on construction or infrastructure-type contracts that can materially influence its earnings profile.
Average Trading Volume: 14,629,959
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.23B
Learn more about 1953 stock on TipRanks’ Stock Analysis page.