Rongzun International (HKG:1780) expects a post-tax loss of between approximately HK$34.1 million and HK$36 million for the year ended March 31, compared with about HK$9.5 million a year prior, according to a Monday Hong Kong bourse filing.
The civil engineering firm attributed the forecast to additional costs for off-site works, as well as certain extra work conducted without an additional charge to preserve a client relationship.
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