LOTUS HORIZON Issues Profit Warning, Anticipates Annual Net Loss of HK$3.5 Million
Stock News
May 07
LOTUS HORIZON (06063) has announced an expected consolidated net loss of approximately HK$3.5 million for the fiscal year ending March 31, 2026. This contrasts with the audited consolidated net profit of about HK$3.2 million recorded in the previous fiscal year ended March 31, 2025. Based on currently available information, the board of directors attributes the shift from profit to loss primarily to two factors: construction progress on several key projects fell short of expectations during the current fiscal year, leading to a revenue decrease of approximately 13.3% compared to the prior year; and a decline in the gross profit margin for recently awarded projects due to intense market competition in Hong Kong.
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