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GC Construction Proposes Corporate Amendments
GC Construction Holdings Records Lower Profit in Fiscal 2024
GC Construction Holdings' (HKG:1489) profit attributable to owners was HK$19.1 million for the year ended March 31 as compared with HK$49.3 million from the previous fiscal year, a Monday filing with
GC CONSTRUCTION (01489.HK) had an annual revenue of approximately HKD 585 million, a year-on-year increase of about 8.0%.
On June 24th of Gelonghui, GC CONSTRUCTION (01489.HK) announced that for the annual period ending on March 31, 2024, the company's revenue increased to about HKD 585.2 million, an increase of about 43.5 million Hong Kong dollars or 8.0%. The group recorded a total of approximately HKD 19.1 million in net profit for the year attributable to equity holders and comprehensive income (2023: approximately HKD 49.3 million). The Board of Directors has decided not to recommend the declaration of a final dividend for the year ending March 31, 2024 (2023: none).
GC CONSTRUCTION: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2024
GC Construction Warns of Lower Full-Year Profit
GC Construction Holdings (HKG:1489) expects a maximum net profit of HK$21 million for the year ended March 31, down from HK$49.3 million a year ago, a Tuesday filing with the Hong Kong Exchange stated
GC CONSTRUCTION (01489.HK) Profit Warning: Annual net profit is expected to not exceed HK$21 million
On May 28, GLONGHUI | GC CONSTRUCTION (01489.HK) announced that for the year ended March 31, 2024 (the “reporting period”), the Group is expected to record a net profit of no more than HK$21 million, while net profit for the year ended March 31, 2023 (“same period”) was approximately HK$49.3 million. According to the announcement, the above decrease in net profit was mainly due to (i) a decrease in other income, in particular a reduction of about HK$18.3 million in government subsidies received under the Anti-epidemic Fund Employment Protection Plan during the reporting period compared to the same period; and (ii) due to fluctuations in the real estate market,
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