Skymission Group Holdings Limited (HK:1429) has released an update.
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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.
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