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INCON: Interim Report 2023 / 2024
In Construction's Loss Widens in Fiscal H1
In Construction Holdings (HKG:1500) incurred loss amounting to HK$32.4 million for the fiscal first half, widening from HK$13.5 million a year earlier. Loss per share amounted to HK$0.039, compared wi
Existing Construction (01500.HK)'s interim loss increased 140% to HK$32.4 million
Gelonghui November 27丨Xianheng Construction (01500.HK) announced that in the six months ended September 30, 2023, 9 projects contributed about HK$141.3 million in revenue, while 10 projects contributed about HK$166.1 million in revenue in the same period in 2022. Losses for the period increased by $18.9 million, or 140%, to HK$32.4 million, compared to HK$13.5 million in the same period last year. During this period, the Group was awarded two new contracts with a total contract value of HK$642 million. As of September 30, 2023, all nine projects with an unfinished contract value of HK$900.8 million are under construction.
INCON: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
In Construction to Widen Loss in Fiscal H1
In Construction Holdings (HKG:1500) expects a net loss of between HK$27 million and HK$33 million for the six months ended Sept. 30, up from HK$13.5 million during the corresponding period last year.
Current Construction (01500.HK) Profit Warning: Expected medium term losses of about HK$27 million to HK$33 million
Glonghui November 20 | Xianheng Construction (01500.HK) announced that the company expects to record an unaudited comprehensive loss of about HK$27 million to HK$33 million for the six months ending September 30, 2023, while a loss of HK$13.5 million was recorded in the same period in 2022. The increase in consolidated losses was mainly due to unforeseen delays in the progress of some projects during the Group period, which resulted in accrual of agreements and determination of damages. However, the board of directors believes that the financial position of the Group remains strong, and the net asset liability ratio remained at a low level of no more than 10% on September 30, 2023, while the board of directors still expects the growth of the construction industry
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