08455.HK announced that it expects to record a net loss of approximately HK $4.1 million to about HK $4.6 million for the three months ended June 30, 2023, compared with a net profit of approximately HK $1.5 million for the corresponding period in 2022.
The Board is of the view that the expected net loss is mainly attributable to the decrease in revenue and gross profit margin of the projects undertaken by the Group as a result of the continued adverse and highly competitive market environment during the period.