New Concepts Warns of Wider Fiscal H1 Loss; Shares Plunge 10%

MT Newswires Live11-19

New Concepts (HKG:2221) expects an attributable loss of up to HK$21 million for the six months ended Sept. 30, widening from HK$14.9 million a year prior, a Tuesday Hong Kong bourse filing said.

Shares of the environmental protection services company were down 10% in Wednesday afternoon trading.

The firm attributed the forecast to a higher loss in the construction segment amid lower profit margins.

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