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Shun Wo Group Holdings Ltd. ( (HK:1591) ) has issued an announcement.
Shun Wo Group Holdings Limited has issued a profit warning, anticipating a net loss between HK$4 million and HK$7 million for the year ending March 31, 2025, in contrast to a net profit of approximately HK$39.5 million the previous year. This downturn is attributed to a significant decrease in revenue due to a sluggish foundation industry, increased direct costs for new projects, higher impairment losses on financial and contract assets, and rising administrative and operating expenses. Stakeholders are advised to exercise caution when dealing with the company’s securities.
More about Shun Wo Group Holdings Ltd.
Shun Wo Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the foundation industry. The company is involved in providing construction-related services, with a focus on foundation works and related activities.
Average Trading Volume: 117,434
Technical Sentiment Signal: Sell
Current Market Cap: HK$60M
For a thorough assessment of 1591 stock, go to TipRanks’ Stock Analysis page.