China New Cons (08275) issues profit warning, expecting a net loss of approximately HK$27-35 million for the year.

CHINA NEW CONS (08275) announced that the group is expected to incur a net loss of approximately HK$27 million to HK$35 million for the year ending March 31, 2025, compared to a net profit of HK$7.6 million for the year ending March 31, 2024. The Board of Directors attributes the increase in net loss primarily to an increase in subcontractor costs leading to a decrease in gross profit, provision for impairment of property, plant, and equipment, and an increase in fair value loss on trading securities.