Royal Deluxe Holdings warns of significant loss

Royal Deluxe Holdings Limited issued a profit warning today, projecting a loss attributable to owners ranging from HKD6.6 million to HKD8.0 million for the fiscal year ending March 31, 2025. This contrasts sharply with the HKD9.7 million profit recorded in the previous year. The company attributes the expected loss to delays in site instructions and variations assessments for a major formwork subcontract, as well as the impact of provisional liquidators being appointed for one of its customers, Paul Y. Engineering Group Limited, leading to project suspensions and increased costs. Royal Deluxe emphasized that the announcement is based on a preliminary review of unaudited management accounts, and the final results, expected on June 27, 2025, may differ. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities.