K W Nelson Interior Design and Contracting Group Limited provides earnings guidance for the year ended 31 December 2021. It is expected that the Group will record a loss not less than HKD 4.8 million for the Year as compared with a net profit of HKD 16.7 million for the year ended 31 December 2020. The Board considers that the aforesaid loss incurred for the Year was mainly attributable to the combined effect of the facts that (i) decrease in decoration projects during the Year; and (ii) the prolonged adverse effect on economy of Hong Kong brought by the COVID-19, in which certain project owners and/or customers have suffered tight cashflow, leading to postponement and/or slowdown in certain projects.
K W Nelson Interior Design and Contracting Group Limited
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8411
KYG5335N1079
Construction & Engineering
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- K W Nelson Interior Design and Contracting Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021