Mingliang Holdings (08152) announced that it is estimated that the group will record... by the end of June 30, 2024 for a six-month period.
Mingliang Holdings (08152) announced that it is estimated that the group will record a loss of about 8.5 million Hong Kong dollars by the end of June 30, 2024 for a six-month period, compared to a profit of 1.7 million Hong Kong dollars during the same period in 2023. The board of directors believes that the expected loss during this period is mainly due to a reduction in revenue of about 45.3 million Hong Kong dollars or 60.2%, which is mainly attributed to a customer delaying the order of tunnel excavation related products according to the actual progress of the relevant engineering project.
