GC CONSTRUCTION (01489.HK): swings to interim profit of up to HKD 2m
- The reporting period is the six months ended 30 September 2026; the prior period recorded a net loss of about HKD 9.0 million.
- The margin gain came from the absence of low-margin plastering works, new projects at better contract prices and tighter cost control.
NewTimeSpace News: On 10 November 2026, Wisewin Innotech Group Limited, formerly GC Construction Holdings Limited (stock code: 01489), issued a positive profit alert. Based on a preliminary review of unaudited management accounts for the six months ended 30 September 2026, the group expects net profit of about HKD 100,000 to HKD 2.0 million, against a net loss of about HKD 9.0 million a year earlier.
The turnaround was mainly driven by a higher gross margin: no low-margin plastering works weighed on the period as those projects were completed in the prior period, new projects secured at better contract prices commenced and progressed, and cost controls on subcontracting and material costs took effect. The interim results are still being finalised and are expected to be published by the end of November 2026.
