Royal Deluxe (HKG:3789) expects an attributable loss of between HK$4.8 million and HK$9.8 million for the six months ended Sept. 30, compared with an attributable profit of about HK$7.6 million a year prior, a Wednesday bourse filing said.
The firm attributed the anticipated swing to loss mainly to the provision for impairment loss on leasehold land and buildings due to revaluation, the delay in progress of certain projects leading to additional costs, and the delay of site instructions and variations assessments for a major subcontract.
Shares of the construction company closed nearly 2% higher on Wednesday.
Price (HKD): $0.06, Change: $+0.0010, Percent Change: +1.67%
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