Leap Holdings Group Limited Provides Consolidated Earnings Outlook for the Year Ended March 31, 2017
June 01, 2017 at 11:37 am EDT
Leap Holdings Group Limited provided consolidated earnings outlook for the year ended March 31, 2017. For the period, the company expects to record a substantial decrease in net profit as compared to the year ended March 31, 2016. This is mainly attributable to: keen competition in the market which led to (i) the decrease in revenue generated from the foundation business and (ii) the commencement of several foundation works projects with lower gross profit margin during the year; and unexpected increase in project cost of certain projects during the year which led to a substantial decrease in gross profit in foundation business.