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Thelloy Development Group Limited ( (HK:1546) ) has provided an update.
Thelloy Development Group Limited has issued a profit warning, anticipating a net loss of up to HK$55 million for the year ending March 31, 2025, compared to a net profit of HK$8.3 million the previous year. This downturn is attributed to losses from joint ventures, reduced gross profit from projects awarded in 2022 and 2023, increased finance costs due to higher interest rates and additional borrowings, as well as intensified market competition and rising labor costs.
More about Thelloy Development Group Limited
Thelloy Development Group Limited is a company incorporated in the Cayman Islands, operating in the construction industry. It focuses on construction projects, which have recently been affected by market competition and increased costs.
Average Trading Volume: 66,838
Technical Sentiment Signal: Hold
Current Market Cap: HK$71.2M
See more insights into 1546 stock on TipRanks’ Stock Analysis page.