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Metaspacex Limited — Earnings Release 2021
Oct 28, 2020
50175_rns_2020-10-28_a42dc4b0-f96e-4a83-8290-912e83e53a5f.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Yield Go Holdings Ltd. 耀高控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1796)
PROFIT WARNING
This announcement is made by Yield Go Holdings Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board (the “ Board ”) of directors of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record an unaudited net loss within the range of approximately HK$25.0 million to HK$30.0 million for the six months ended 30 September 2020 (the “ Period ”) as compared to an unaudited net profit of approximately HK$3.7 million for the six months ended 30 September 2019.
Such expected net loss was mainly attributable to (i) the decrease in revenue due to the decrease in number of sizeable projects available within the market during the Period; (ii) the increase in the Group’s overall construction costs mainly due to the additional costs arising from maintaining the operation of work sites as a result of the delay in certain projects under the impact of COVID-19 during the Period; and (iii) the gross loss recorded from a project undertaken by the Group at Tuen Mun during the Period due to unexpected additional costs incurred.
The Group is still in the process of finalising the unaudited interim results for the six months ended 30 September 2020. Shareholders and potential investors should note that the information contained in this announcement is only based on a preliminary assessment by the Board with reference to the unaudited consolidated management accounts of the Group for the six months ended 30 September 2020 and information currently available to the Board, which are subject to further adjustments, have not been audited or reviewed by the auditor of the Company, nor have been confirmed by the audit committee of the Company. The actual results of the Group for the Period may be different from what is disclosed herein. Details of the Group’s financial information for the Period will be disclosed in the interim results announcement of the Group, which is expected to be published before the end of November 2020.
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Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By order of the Board Yield Go Holdings Ltd. Man Hoi Yuen Chairman and Executive Director
Hong Kong, 28 October 2020
As at the date of this announcement, the executive directors are Mr. Man Hoi Yuen, Ms. Ng Yuen Chun and Mr. Ho Chi Hong and the independent non-executive directors are Mr. Chan Ka Yu, Mr. Lo Ki Chiu and Mr. Leung Wai Lim.
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