MECOM Power and Construction Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company expected to record an increase of over 140% in the net profit as compared to the net profit for the year ended December 31, 2020. Such expected increase was mainly driven by substantial construction progress completed by the Group for its major construction contracts which resulted in substantial increase in revenue for the year ended December 31, 2021; and the gross profit margin is expected to increase by over 600 basic points which is mainly attributable to the Group's new business policy focusing on high technology construction projects.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.205 HKD | +0.49% | +13.26% | -31.67% |
Mar. 27 | MECOM Power and Construction Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Feb. 06 | MECOM Power and Construction Forecasts Plunge in 2023 Profit | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-31.67% | 104M | |
+73.39% | 1.03B | |
+65.05% | 153M | |
+1.40% | 131M | |
-3.08% | 130M | |
+9.26% | 122M | |
+17.98% | 116M | |
+70.00% | 77.74M | |
-13.49% | 60.68M | |
+35.07% | 55.26M |
- Stock Market
- Equities
- 1183 Stock
- News MECOM Power and Construction Limited
- MECOM Power and Construction Limited Provides Earnings Guidance for the Year Ended December 31, 2021