[ET Net News Agency, 17 May 2018] Shun Wo Group (01591) said it expects to record a net profit of about HK$5 million for the year ended 31 March 2018, as compared to the net profit of around HK$18.2 million for the previous financial year.
Such decrease in the net profit is primarily attributable to the decline of around 40% in revenue of foundation works as well as the decline of the Group's gross profit margin due to the keen competition faced by the Group in obtaining new businesses. (HL)
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