SAM WOO CONS (03822) issues profit warning, expects interim net profit to decrease by approximately 50% year-on-year

SAM WOO CONS (03822) announces that the Group expects its net profit for the six months ended 30 September 2026 (the current period) to decrease by approximately 50% compared with the net profit of HK$47 million recorded in the corresponding period of 2025. The expected decrease in net profit for the current period is mainly attributable to: (i) a decrease of approximately 40% in the Group's contract revenue as certain major engineering contracts were completed at the end of the previous financial year; and (ii) a write-off of machinery and equipment of approximately HK$18 million recorded during the current period.