SANBASE CORP Issues Profit Warning, Anticipates Annual Shareholder Loss of Approximately HK$13.6 Million, Narrowing Year-on-Year
Stock News
Jun 11
The company has announced that the group expects to record an attributable loss to its owners of approximately HK$13.6 million for the financial year ending March 31, 2026 (FY2026). This compares to a restated attributable loss to owners of about HK$16.0 million for the previous financial year ended March 31, 2025 (FY2025).
The primary reasons for the anticipated attributable loss in FY2026 are attributed to the combined impact of the following factors: a decrease in revenue of approximately HK$74.1 million, largely due to a reduction in the number of projects undertaken by the group during FY2026, and the pricing strategy implemented by the group to maintain its market position.
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