The board of directors of Yongmao Holdings has guided for a net loss for the group’s 1HFY2026 ended Sept 30 results.
The net loss is primarily due to lower revenue from its Hong Kong operations, and a lower profit margin from sales of tower cranes.
Yongmao is expected to record a fair value loss on its financial assets, at fair value through other comprehensive income, leading to a total comprehensive loss attributable to shareholders for the period.
Shares in Yongmao closed flat at 57 cents on Nov 4.
