AEC GROUP issues a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 9.6 million
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AEC GROUP issued a profit warning, expecting a loss attributable to shareholders of approximately HKD 9.6 million for the year ending March 31, 2025, compared to a profit of approximately HKD 600,000 for the same period in 2024. The reasons for the loss include a decline in revenue and gross margin, increased employee costs, an increase in provisions for receivables impairment, and expenses related to overseas business expansion. The decline in revenue is mainly due to a decrease in average charges for new contracts and project delays caused by market conditions
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