EASY SMART GP(02442) issues profit warning, expecting annual comprehensive losses and total income of approximately HKD 500,000 to 5,000,000.

EASY SMART GP (02442) announced that the group is expected to incur a comprehensive loss and total income of approximately HK$0.5 million to HK$5 million for the year ending June 30, 2025, while the comprehensive surplus and total income for the same period in 2024 was approximately HK$35.8 million. The announcement stated that the decline in performance was mainly due to (i) an increase in subcontractor costs of approximately HK$33.4 million, due to several clients requesting accelerated progress on some project works; (ii) a decrease in profit margin for new bid projects undertaken by the group in the current year; and (iii) write-off of approximately HK$2 million in trade receivables, which was from a client who was ordered to wind up by the High Court in March 2025.