Sun and Group: It is expected that a net loss of approximately HK$15-18 million will be recorded for the six months ending in September.

date
20/11/2025
Announcement from Xunhe Group: based on the preliminary review of the unaudited comprehensive management accounts of the Group for the six months ended September 30, 2025, the Board expects a net loss of approximately HK$15 million to HK$18 million, compared to a net loss of approximately HK$5 million for the same period in 2024. The increase in comprehensive net loss is mainly due to intense competition in the construction industry, decrease in profit margins, reduction in bank deposit interest income and project management fee income, increase in impairment losses on financial assets and contract assets, as well as an increase in administrative and other operating expenses.