GC Construction Holdings Limited has issued a profit warning, indicating that it expects to book a net loss of at least HK$58.00 million for the financial year ended 31 March 2026. This represents a deeper loss than the HK$53.50 million recorded in the prior fiscal year.
Management attributes the anticipated deterioration to two main factors:
• Revenue contraction: Fewer project awards during the reporting period, linked to volatile property prices and more cautious sentiment among property developers, weighed on top-line performance. • Higher credit risk provisions: Impairment losses on trade receivables and contract assets increased as customers faced greater financial stress, raising the risk of delayed or non-payments.
Final audited results are scheduled for release by end-June 2026. The figures disclosed are based on unaudited management accounts and are subject to potential adjustment. Investors are advised to exercise caution when trading the company’s shares pending the full results announcement.
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