WAN KEI GROUP (01718) Issues Profit Alert, Expects Interim Net Profit of No Less Than HK$1 Million

Stock News11-21

WAN KEI GROUP (01718) announced that it expects to achieve a net profit of no less than approximately HK$1 million for the six months ending September 30, 2025 (the reporting period), compared to a net loss of about HK$11.739 million in the same period in 2024. The anticipated net profit during the reporting period is primarily attributed to the group undertaking a large-scale foundation construction project with higher gross margins, reduced general and administrative expenses, recognition of fair value gains of approximately HK$1.339 million on financial assets at fair value through profit or loss, and gains of about HK$985,000 from the disposal of a subsidiary.

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