Man Shun GP (01746) announced that the group expects to achieve... by the end of June 30, 2024.
According to the announcement released by Man Shun GP (01746), the group expects to have an unaudited net loss of approximately HKD 1.9 million for the six months ended June 30, 2024, while a net profit of approximately HKD 1.4 million was obtained for the six months ended June 30, 2023.
The board of directors believes that the expected net loss is mainly due to (i) the rise in raw material prices; (ii) the slowdown or suspension of construction progress of some projects of the group; and (iii) the sluggish real estate transaction in Hong Kong, the weak property market, which affects the speed of property developers' building construction and reduces the new projects available for tendering.
