Wing Fung Group Asia Expects HK$10.00 Million Interim Loss on Project Delays and Higher Costs

Bulletin Express08-18

Wing Fung Group Asia Limited released a profit warning indicating an anticipated net loss of approximately HK$10.00 million for the six months ended 30 June 2026, widening sharply from the HK$2.70 million deficit recorded a year earlier.

Management attributed the deterioration to two primary factors: 1. Prolonged completion schedules on several projects, which caused cost overruns and compressed gross profit margins. 2. A rise in administrative expenses driven mainly by higher employee-related costs and benefits.

The unaudited figures are based on the Group’s latest consolidated management accounts and have not yet been reviewed by external auditors. Final interim results are scheduled for release by the end of August 2026.

The Board advised shareholders and potential investors to exercise caution when dealing in the company’s shares. The profit warning was authorized by Chairman and Chief Executive Officer Mr. Chung Chi Keung and dated 18 August 2026.

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