According to the Zhitong Finance App, Australian Energy Construction (01183) announced that the Group expects to make a profit of about MOP 8 million to MOP 11 million for the year ending December 31, 2023, while the profit for the year ended 31 December 2022 is approximately MOP 9.2 million.
The Board of Directors believes that the main reasons for the decline in the Group's operating performance during the year were: an impairment loss of approximately MOP 2.3 million due to a customer's failure to confirm an impairment loss of approximately MOP 2.3 million; and due to unexpected delays in the certification of contract works and engineering change orders for a hotel complex in a comprehensive resort complex in Cotai, Macau during the year, the Group's construction business revenue and profit for the year were drastically reduced.
Furthermore, the board of directors of the company noticed unusual fluctuations in the price and trading volume of the company's shares on February 5, 2024. After making reasonable inquiries about the company concerned in the relevant circumstances, the board of directors confirmed that it was unaware of any reason for the fluctuation in share price and trading volume, or any information that must be published to avoid a false market for shares, or any insider information required to be disclosed in accordance with the insider information provisions.