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GC Construction Holdings Limited ( (HK:1489) ) has issued an update.
GC Construction Holdings Limited has issued a profit warning, anticipating a net loss of at least HK$52.0 million for the year ending March 31, 2025, compared to a net profit of HK$19.1 million in the previous year. This loss is attributed to a decline in gross profit margin due to increased construction costs and higher impairment losses on trade receivables and contract assets, as customers face financial difficulties leading to delayed or non-payments.
More about GC Construction Holdings Limited
GC Construction Holdings Limited is a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. It operates in the construction industry, focusing on providing construction services and handling various construction projects.
Average Trading Volume: 469,166
Technical Sentiment Signal: Sell
Current Market Cap: HK$410M
For detailed information about 1489 stock, go to TipRanks’ Stock Analysis page.