Glory Exchange on November 18丨landrich hldg (02132.HK) announced that the company expects to record a net profit of approximately 2 million to 3 million Hong Kong dollars for the six months ending September 30, 2024, while the same period last year recorded a net profit of approximately 17.6 million Hong Kong dollars.
The director believes that this reduction is mainly attributed to the decline in gross margin. The decline in gross margin is mainly due to (i) delays in the assessment of site indications and instructions for certain projects; and (ii) increases in construction costs and employee costs.
