NEW CONCEPT-NEW (02221) announced that the group anticipates a net loss attributable to shareholders not exceeding HK$21 million for the six months ended September 30, compared to a net loss of approximately HK$14.85 million for the same period in 2024.

The expected increase in losses is primarily due to a loss of around HK$7.4 million from the group's construction business during the current period, whereas the corresponding period last year recorded a loss of about HK$0.7 million. The decline in performance mainly stems from the completion of certain construction projects with higher gross profit margins in the previous period, while ongoing projects in the current period generally have lower gross profit margins.

The adverse impact was partially offset by the recognition of a one-time gain of approximately HK$3.5 million, generated from capital injection into an associate company through the contribution of intangible assets (specifically patented technology).