Man Shun Group (Holdings) (HKG:1746) expects a consolidated net loss attributable to the shareholders of HK$7 million for 2024, a Tuesday Hong Kong bourse filing said.
The construction engineering company attributed the expected loss to fewer new projects resulting from a weak Hong Kong property market, slowdown or suspension of certain projects, and an increase in direct costs of raw materials and labor.
Shares of the company closed over 5% higher on Tuesday.
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