BGMC International Limited provided unaudited consolidated earnings guidance for the six months ended September 30, 2023. For the period, Group expected to record net loss attributable to shareholders Of approximately RMB 14.1 million, as compared with the net loss of approximately RMB 10.3 million attributable to the shareholders of the Company for the six months ended 30 September 2022. The increase in net loss for the Reporting Period was mainly attributable to, among others, (i) increase in estimated liquidated ascertained damages ("LAD") as the Company has yet to secure extension of time ("EOT") for one of its major projects; (ii) rising construction costs as a result of surge in building materials prices and increase in labour costs; and (iii) higher finance costs due to increase in borrowings and overnight policy rate in Malaysia.
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5-day change | 1st Jan Change | ||
0.057 HKD | 0.00% | -6.56% | +23.91% |
2023 | BGMC International's Six-Month Loss Widens as Revenue Plunges | MT |
2023 | BGMC International Limited Reports Earnings Results for the Half Year Ended September 30, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+23.91% | 13.11M | |
+63.98% | 951M | |
+64.74% | 152M | |
-5.61% | 119M | |
+12.92% | 109M | |
-50.00% | 76.18M | |
-14.06% | 58.92M | |
+4.22% | 51.55M |
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