Glonghui, November 18, 丨 Goldstone Holding Group (01943.HK) announced that the Group expects to record an unaudited net loss of approximately HK$62 million to HK$64 million in the six months ending September 30, 2024, and a net loss of approximately HK$2.4 million for the six months ending September 30, 2023.
The Board believes that this anticipated net loss is mainly due to the following factors: (a) reduced revenue due to a decrease in the number of successful bids and a decrease in the value of awarded contracts due to intense market competition; and (b) increased administrative expenses and increased discretionary bonuses granted to employees.
