Kin Pang Holdings Limited provided preliminarily unaudited consolidated group earnings guidance for the financial year ended 31 December 2023. For the year, the group expects to record a loss before tax of not less than MOP 33.0 million, as compared to the audited loss before tax of approximately MOP 9.6 million for the corresponding financial year in 2022. The board considered that the expected increase in loss before tax of the Group for FY2023 as compared to FY2022 was primarily attributable to the decrease in gross profit margin of the construction projects undertaken by the Group in FY2023, coupled with an increase in construction costs due to inflation; the loss incurred by the Group in the amount of approximately MOP 4.5 million, resulting from a suspected case of fraud in relation to machinery acquisition, details of which are set forth in the Company's announcement dated 7 November 2023; and provision for expected credit loss on the financial and contract assets which remained unsettled for more than a year.
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5-day change | 1st Jan Change | ||
0.069 HKD | 0.00% |
|
+16.95% | -56.88% |
04-19 | Kin Pang Unit Procures Subcontracting Services from Affiliate | MT |
03-27 | Kin Pang Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-56.88% | 9.72M | |
-10.69% | 61.52B | |
+1.99% | 59.17B | |
+30.31% | 41.16B | |
+15.18% | 31.77B | |
+9.87% | 28.62B | |
+14.79% | 20.76B | |
+11.42% | 18.83B | |
+79.03% | 18.13B | |
+32.18% | 17.13B |
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- Kin Pang Holdings Limited Provides Preliminarily Unaudited Consolidated Group Earnings Guidance for the Financial Year Ended 31 December 2023