GANGYU SERVICES (00265) issued a profit warning, expecting a mid-term profit attributable to shareholders of approximately HKD 4 million to a loss of approximately HKD 2 million.
Pang Yu Smart City Services (00265) announced that it is expected that the Group will achieve a profit attributable to equity holders of the company ranging from approximately HK$4 million to a loss of approximately HK$2 million for the six months ending June 30, 2026, while for the corresponding period in 2025, it achieved a profit of approximately HK$15.1 million.
GANGYU SERVICES (00265) announced that it is expected that the Group will achieve a profit attributable to shareholders of approximately HKD 4 million to a loss of approximately HKD 2 million for the six months ending June 30, 2026, compared to a profit of approximately HKD 15.1 million for the corresponding period in 2025.
The Board of Directors believes that the anticipated significant reduction in profit is primarily due to the expiration of two major environmental sanitation contracts during this period, coupled with a downward adjustment in the revenue of a property management project while adjusting services to meet client expectations, resulting in a substantial decline in gross profit.
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