In Construction Holdings warns of increased net loss

In Construction Holdings Limited (HKEX:1500) issued a profit warning today, announcing that it expects to record a consolidated net loss ranging from HK$15 million to HK$20 million for the year ended March 31, 2025. This marks an increase compared to the HK$12.9 million net loss reported in the previous corresponding period. The company attributes the projected loss primarily to provisions for liquidated and ascertained damages related to foundation projects, resulting from unexpected delays and changes in the estimation of variation orders from previously completed projects. Despite the anticipated increase in net loss, In Construction Holdings maintains that its financial position remains strong with low net gearing and expresses optimism about the long-term growth prospects within the construction industry. The company expects to publish its annual results on June 27, 2025.