No Data
AB BUILDERS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
AB BUILDERS (01615.HK) will hold a board of directors meeting on March 28 to approve the annual performance.
Gelonghui reported on March 18 that AB BUILDERS (01615.HK) announced it will hold a Board of Directors meeting on March 28, 2025, to approve the annual performance announcement for the company and its subsidiaries for the fiscal year ending December 31, 2024.
AB BUILDERS (01615.HK) expects significant improvement in performance for the fiscal year 2024.
On March 14, Gelonghui reported that AB BUILDERS (01615.HK) announced that the company expects to record a post-tax profit of between 6 million and 8 million Macau Patacas for the fiscal year 2024, compared to a net loss of approximately 16 million Macau Patacas in the previous year. The significant improvement in performance is mainly due to (i) the accelerated recovery of the hotel and tourism industry in Macau, which has driven an increase in revenue from integrated resorts and hotel renovation projects in fiscal year 2024; (ii) the completion of higher-margin renovation projects and subsequent additional work in fiscal year 2024 leading to increased gross profit; and (iii) a reduction in impairment losses anticipated under the Crediting loss model for fiscal year 2024.
AB BUILDERS: 2024 Interim Report
AB Builders Group Reports Profitable Half-Year
AB BUILDERS: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
