CR CONSTRUCTION (01582) issues a profit warning, expecting a mid-term net profit decline of no less than 90% year-on-year.
China Lumena New Materials Corp (01582) announced that it expects the Groups net profit for the six months ending June 30, 2026, to decline by no less than 90%, while the Group's net profit for the six months ending June 30, 2025, was approximately HKD 25.9 million.
CR CONSTRUCTION (01582) announced that it expects the group's net profit for the six months ending June 30, 2026, to decrease by no less than 90%, compared to a net profit of approximately HKD 25.9 million for the six months ending June 30, 2025.
According to the information currently available to the company, the expected decrease in net profit during the above period is mainly due to liquidity issues faced by certain clients of the group, leading to credit impairments on trade receivables, contract assets, and retention money owed from those clients.
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