Ming Shing FY26 net loss widens to USD 5.76 million; revenue drops 56.8% to USD 14.63 million
MSW•FY26 results show lower revenue and wider loss
Ming Shing posted a net loss of USD 5.76 million, up 0.6% from the prior fiscal year.
Revenue fell 56.8% to USD 14.63 million, as wet trades works slowed; wine and spirits trading added USD 3.61 million.
Gross loss widened to USD 2.69 million, driven by variation orders still under negotiation plus site-instruction delays causing cost overruns.
Operating loss widened 2.2% to USD 5.47 million, while general and administrative expenses dropped 31.3% to USD 2.78 million.
Cash and cash equivalents rose to USD 1.65 million, while accounts receivable, net slid to 834,583 on settlements plus higher expected credit losses.
