EASY SMART GP (02442.HK): Issues profit warning, expects full-year loss to widen to not more than HKD 32 million
- The first driver of the increased loss is a decrease in revenue and gross profit as certain large-scale public sector projects commenced before the current year had been completed or were nearing completion.
- The second driver is a decrease in the profit margins of the Group's new tendered projects during the year as customers focused on price and market competition was intense.
NewTimeSpace News: On 17 September 2026, Easy Smart Group Holdings Limited (stock code: 02442) announced that, based on information currently available to the Board and a preliminary review of the Group's latest unaudited consolidated management accounts for the year ended 30 June 2026, the Company is expected to record a loss attributable to owners of the Company of not more than approximately HKD 32,000,000 for the year, compared with a loss attributable to owners of the Company of approximately HKD 500,000 for the year ended 30 June 2025.
The expected increase in loss is mainly attributable to (i) a decrease in revenue and gross profit as certain large-scale public sector projects commenced before the current year had been completed or were nearing completion, and (ii) a decrease in the profit margins of the Group's new tendered projects during the year as customers focused on price and market competition was intense. The Company cautioned that the information contained in the announcement is only a preliminary assessment by the Board based on information currently available and has not been confirmed, reviewed, audited or verified by the Company's auditors or audit committee, and may subsequently be subject to adjustment or revision; shareholders and potential investors should refer to the Company's full-year results announcement for the year expected to be published on or around the end of September 2026.
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