SH Group (Holdings) Limited provided earnings guidance for the year ended 31 March 2023. For the year, the Group is expected to record a net loss of not less than HKD 10.0 million for the year ended 31 March 2023 as compared with the consolidated net profit of approximately HKD 11.7 million for the year ended 31 March 2022. The Group's expected net loss for the year ended 31 March 2023 was mainly attributable to: the adoption of a more competitive pricing strategy when securing the existing projects on hand due to the intensified market competition in recent years; the increase in costs of subcontractors, transportation, equipment and materials after successful tender; and the decrease in the value of financial assets at fair value through profit or loss, which is non-cash in nature.
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|
5-day change | 1st Jan Change | ||
0.094 HKD | 0.00% | 0.00% | -40.88% |
2023 | SH Group's Loss Widens in Fiscal H1 | MT |
2023 | SH Group Limited Reports Earnings Results for the Half Year Ended September 30, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-40.88% | 4.8M | |
-14.43% | 3.79B | |
+54.25% | 2.35B | |
+13.91% | 1.87B | |
+20.86% | 1.67B | |
-15.42% | 1.5B | |
+14.56% | 1.13B | |
+18.13% | 1.02B | |
+36.71% | 959M | |
+38.61% | 918M |
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