WK Group (02535.HK): Profit Warning, Expected Interim Loss of Not Less Than HK$10 Million

NewTimeSpace · 2026/07/28 17:07 · By Xuran Lin

NewTimeSpace News: WK Group disclosed in an announcement dated 28 July that the Group expects to record a net loss of not less than HK$10 million for the six months ended 30 June 2026, compared with a net profit of approximately HK$10.8 million in the corresponding period last year.

NewTimeSpace News: On 28 July 2026, WK Group (02535.HK) issued a profit warning. It anticipates booking an interim net loss of no less than HK$10 million, versus a net profit of roughly HK$10.8 million posted in the same period of the prior year.

According to the announcement, the loss is mainly attributable to lower revenue stemming from a reduction in the value of awarded project contracts. In addition, tight budgets of main contractors forced the Group to cut tender prices to secure projects. Coupled with idle plant overhead costs, the gross profit margin has contracted accordingly.

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