Bright Holding (08152) issued a profit warning, expecting to incur a loss of approximately HK$13.4 million for the year, a loss compared to a profit on a year-on-year basis.

Ming Liang Holdings (08152) announced that it is expected to incur a loss of approximately HK$13.4 million for the year ending December 31, 2024, compared to a profit of HK$9.4 million for the year ending December 31, 2023. The Board of Directors believes that the expected loss for this year is mainly due to a decrease in revenue of approximately HK$86 million or 56.0%, which is primarily attributed to a delay in ordering tunneling-related products by a customer based on the actual progress of the relevant engineering project, as well as a relatively large project that was largely completed this year and contributed less revenue.