Changes in Hong Kong stocks | Guangrong Holdings (09998) rose nearly 22% at the end of the session. Net profit attributable to shareholders is expected to increase year-on-year to about SGD 19.8 million

The Zhitong Finance App learned that Guangrong Holdings (09998) rose nearly 22% at the end of the session. As of press release, it had risen 18.18% to HK$0.52, with a turnover of HK$3.103,800.

According to the news, on September 14, Guangrong Holdings announced that the Group expects to obtain net profit attributable to the Company's owners of about SGD 19.8 million for the year ended June 30, 2026, while net profit attributable to the Company's owners was approximately SGD 12.8 million for the year ended June 30, 2025.

According to currently available data, the board of directors believes that the expected increase in net profit attributable to the company's owners for the year ended June 30, 2026 is mainly due to the increase in the cost efficiency of construction projects during the year, despite the cost pressure brought about by fluctuations in global oil prices. The upgrade was mainly achieved through effective cost control and procurement measures adopted by the Group, including more strict site-level cost monitoring, thereby mitigating the adverse impact of rising investment costs on the Group's ongoing projects.