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The latest announcement is out from Skymission Group Holdings Limited ( (HK:1429) ).
Skymission Group Holdings Limited has issued a profit warning, anticipating a significant net loss between HK$95 million and HK$105 million for the fiscal year ending March 2025, compared to a HK$32.4 million loss the previous year. This decline is attributed to economic challenges in Hong Kong’s construction industry, including a downturn in the property market, increased competition, rising wages, and unexpected costs, impacting the company’s gross profit margin and cash flow. Despite these challenges, Skymission remains focused on cost control and risk management strategies to deliver value to shareholders.
More about Skymission Group Holdings Limited
Skymission Group Holdings Limited is a well-established formwork works subcontractor in Hong Kong with over 20 years of experience. The company specializes in traditional formwork services using timber and plywood, as well as system formwork services with aluminum formwork, primarily serving the construction industry.
Average Trading Volume: 1,185,962
Technical Sentiment Signal: Buy
Current Market Cap: HK$96M
For a thorough assessment of 1429 stock, go to TipRanks’ Stock Analysis page.