CR Construction Warns Net Profit for First Half of 2026 May Drop Over 90%

Stock News

Aug 10

CR CONSTRUCTION (01582) has issued a profit warning, forecasting that its net profit for the six months ending June 30, 2026, will decline by no less than 90%.

This compares to a net profit of approximately HK$25.9 million recorded for the same period in the year ending June 30, 2025.

According to available information, the anticipated drop in net profit is mainly due to credit impairment losses on trade receivables, contract assets, and retention receivables from certain clients facing liquidity issues.

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