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昇柏控股预期中期股东应占亏损同比扩大至约2100万元至2600万港元
Zhi Tong Cai Jing· 2025-08-11 10:07
Core Viewpoint - The company expects a revenue increase of approximately 30% to 35% for the six-month period ending June 30, 2025, compared to the previous period, but anticipates a larger loss for equity holders [1][2]. Financial Performance - Revenue is projected to rise due to new contracts awarded last year and during the current period, which have provided a satisfactory level of workload [1]. - The expected loss for equity holders is estimated to be between HKD 21 million and HKD 26 million, compared to a loss of approximately HKD 10.5 million in the previous period [1]. Factors Contributing to Loss - The increase in loss is attributed to a challenging and uncertain business environment in Hong Kong, with significant credit risk, particularly in the construction industry, due to financial constraints faced by major developers [2]. - The company has made substantial provisions for bad debts and expected credit losses related to receivables and contract assets to address potential default risks [2]. - The period also incurred significant costs related to litigation and arbitration cases, with hearings for arbitration expected to conclude in the first half of 2025 and litigation hearings anticipated to finish by the end of August 2025 [2]. - Some offsetting factors include considerable interest income from restricted cash provided as performance guarantees by Fok Hing Insurance (Hong Kong) Limited and fair value gains on financial assets [2].