Asia Allied Infrastructure (00711.HK): Positive Profit Alert, Expected Annual Profit of Not Less Than HK$120 Million

NewTimeSpace News: On 18 June 2026, Asia Allied Infrastructure (00711.HK) released a positive profit alert. Based on preliminary assessment of the Group’s latest financial information, the Group is projected to register profit attributable to shareholders of not less than HK$120 million for the current year, as compared with a loss attributable to shareholders of around HK$274 million for the year ended 31 March 2025.

The Board attributes the turnaround from loss to profit mainly to the absence of substantial write-downs on contract assets relating to certain projects incurred in the preceding year, growth recorded from core businesses, normalized operation of construction business during the current year, as well as reduced financing costs.

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