CHINNEY ALLI (00385) issues a profit warning, expecting a mid-term loss attributable to shareholders of no more than HKD 40 million, a transition from profit to loss compared to the same period last year.

CHINNEY ALLI (00385) announced that it expects the Group to incur a loss attributable to owners of the company not exceeding HK$40 million for the six months ending June 30, 2026, compared to a profit attributable to owners of the company of HK$20.6 million for the six months ended June 30, 2025. The Board believes that the loss is mainly due to a reduction of approximately 35% in revenue from building-related contracting services, as well as a decline in gross profit and gross profit margin in that category due to project delivery delays, strict testing and commissioning requirements, and extended time spent on settling project accounts with customers.