Skymission Group Holdings Limited (HK:1429) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.