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Royal Deluxe Holdings Ltd. ( (HK:3789) ) just unveiled an announcement.
Royal Deluxe Holdings Limited has issued a profit warning, indicating an expected loss of between HK$6.6 million and HK$8.0 million for the year ending March 31, 2025, compared to a profit of HK$9.7 million the previous year. This financial downturn is attributed to delays in site instructions and variations assessments for a major formwork subcontract, as well as the appointment of provisional liquidators for a key customer, Paul Y. Engineering Group Limited, which caused project suspensions and delays, leading to decreased revenue and increased costs.
More about Royal Deluxe Holdings Ltd.
Royal Deluxe Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in construction-related services, with a focus on formwork subcontracting. The company operates within the construction industry and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 164,333
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$64.8M
Find detailed analytics on 3789 stock on TipRanks’ Stock Analysis page.