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Tak Lee Machinery's FY revenue, profit fall on lower demand, project completions

By Reuters News


Overview

  • Hong Kong heavy equipment trader's annual revenue fell 14.4% yr/yr to HK$283.2 mln

  • Net income attributable to owners declined 26.6% to HK$20.7 mln

  • Board recommended final dividend of HK1.5 cents per share, total annual dividend HK3.0 cents


Outlook

  • Company did not provide specific financial guidance for the current or future periods in its press release


Result Drivers

  • LOWER HEAVY EQUIPMENT DEMAND – Profit fell as demand weakened across sales and leasing; used-equipment sales declined HK$36.6 mln

  • PROJECT COMPLETIONS – Leasing revenue fell HK$10.2 mln after substantial completion of three-runway-system and landfill-extension works

  • LOWER GOVERNMENT GRANTS – Other income and gains fell 49.1%, mainly as government grants decreased HK$2.8 mln


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

HK$283.2 mln

FY Net Income Attributable

HK$20.7 mln


Reuters Recommended Reads

  • Oct 22 - Hong Kong says July-Sept unemployment at 3.9%

  • Oct 20 - Medical products distributor Sinopharm Group's prelim 9-month revenue slips

  • Oct 20 - Hong Kong's Lai Fung annual turnover rises on stable rental income


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1022/2026102200583.pdf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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