Rongzun International Holdings Group (HKG:1780) expects an after-tax loss of between around HK$9 million and HK$12 million for the year ended March 31, as compared to an after-tax profit of HK$5.2 million a year prior, a June 21 filing on the Hong Kong bourse said.
The infrastructure service provider attributed the anticipated swing to loss mainly to a rise in direct costs of a project in the civil engineering works segment.
Shares of the company closed 11% lower on Monday.
Price (HKD): $1.31, Change: $-0.17, Percent Change: -11.49%
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