LAI SI ENT Issues Profit Warning, Expects Interim Net Loss of MOP 13-15 Million, Reversing from Year-Ago Profit

Stock News08-24

LAI SI ENT (02266) has issued a profit warning, projecting an unaudited consolidated loss attributable to shareholders of approximately MOP 13 million to MOP 15 million for the six months ending 30 June 2026.

This compares starkly with the unaudited consolidated profit attributable to shareholders of MOP 1.1 million recorded for the corresponding period ended 30 June 2025, according to a company announcement.

The anticipated loss is primarily driven by a sharp revenue decline of no less than 35.0% for the period, falling from MOP 111 million in the prior-year period. The company attributes this slump to weak market demand and delays in government project schedules.

Additionally, gross profit margins have contracted amid subdued demand, while the company has increased provisions for financial and contract assets by approximately MOP 1.2 million following management's assessment. Partially offsetting these negative factors, the impairment provision for investment properties has been reduced by MOP 2.1 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment