Skymission Group Holdings Limited (HK:1429) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Skymission Group Holdings Limited has issued a profit warning, anticipating a significant rise in net loss for the first half of 2024, ranging from HK$15.0 million to HK$25.0 million, compared to a loss of HK$4.2 million in the same period last year. The decline in gross profit margin to approximately 1% is attributed to increased on-site costs and fierce competition in the construction sector in Hong Kong. The company is focused on cost control and risk management strategies amid ongoing industry challenges.
For further insights into HK:1429 stock, check out TipRanks’ Stock Analysis page.