Rimbaco Group Global (HKG:1953) expects a consolidated net loss attributable to the owners of not less than 3.0 million ringgits in the six months ended April 30, 2024, against a consolidated net profit attributable to owners of 8.2 million ringgit from a year ago period, a Thursday filing with the Hong Kong Exchange said.
The company attributed the loss to lower recognition of revenue for one of its projects and increased costs sustained to complete another one of the companyâs projects.
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