Core Viewpoint - The company, Baofa Holdings (08532), anticipates a significant financial loss for the fiscal year ending March 31, 2025, with an expected gross loss of approximately HKD 91.2 million, contrasting with a gross profit of about HKD 24.1 million for the fiscal year ending March 31, 2024 [1] Financial Performance - The expected gross loss for the reporting year is attributed to several factors, including a substantial decline in revenue from the Hong Kong curtain wall system installation [1] - The anticipated loss attributable to equity holders of the company is projected to be no less than approximately HKD 114.7 million, compared to a profit of about HKD 1.2 million in the previous year [1] Operational Challenges - The company faces increased employee retention costs due to project delays [1] - Quality issues in construction as a subcontractor have led to high defect repair costs [1] - Several subcontractors have exited unfinished projects, resulting in the company incurring higher labor costs to complete these projects [1]
宝发控股(08532)发盈警 预计年度股东应占亏损不少于约1.147亿港元