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

Tak Lee Machinery Holdings

Thu 10:09

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
 

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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.)