SANG HING HLDGS (01472) issues profit warning, expecting a net loss of no more than HK$14 million in the midterm, an increase of approximately 55% year-on-year.

SANG HING HLDGS (01472) announced that the group is expected to incur a net loss of not more than HK$14 million for the six months ending September 30, 2025, an increase of approximately 55% compared to the net loss of around HK$9 million for the six months ending September 30, 2024. The increase in net loss is mainly attributed to the increase in employee costs included in administrative expenses and additional costs incurred for bidding on new tender projects announced by the Hong Kong government.