SHEUNG YUE GP(01633.HK): Issues Profit Warning, Estimated Annual Net Loss of Approximately HK$23.9 Million
NewTimeSpace News: Sheung Yue Group Holdings Limited (01633.HK) has issued a profit warning. Based on preliminary assessment, the Group expects to record a net loss of approximately HK$23.9 million for the year ended 31 March 2026, a substantial increase from the net loss of about HK$9.7 million for the corresponding period last year. The loss is mainly attributable to decreased revenue, lower overall gross profit margin, provisions for expected credit losses on financial assets and impairment losses on right-of-use assets.
NewTimeSpace News: Sheung Yue Group Holdings Limited (01633.HK) issued a profit warning on 15 June 2026. The Group expects to register a net loss of approximately HK$23.9 million for the year ended 31 March 2026, representing a notable widening of loss compared with the net loss of around HK$9.7 million for the year ended 31 March 2025.
According to information currently available to the Board of Directors, the net loss is mainly caused by a drop in revenue, a decline in the overall gross profit margin of undertaken projects, provisions made for expected credit losses on financial assets, as well as impairment losses recognised on the Group's right-of-use assets.
The Company stated that this profit warning is solely based on the Board's preliminary assessment of the unaudited consolidated management accounts, which have not been reviewed or audited by the auditor. The annual results announcement is expected to be published on 18 June 2026.
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