Financial Performance - Revenue for the year from continuing and discontinued operations was reported at [specific number not provided in the content] million, reflecting a [specific percentage not provided in the content]% change compared to the previous year[13]. - Profit attributable to owners of the company for the year was [specific number not provided in the content] million, indicating a [specific percentage not provided in the content]% increase/decrease from the prior year[13]. - For the financial year ended 31 March 2021, the Group recorded revenue of HK$1,451.6 million, representing a year-on-year increase of 51.5% from HK$958.2 million in the previous year[21]. - Consolidated profit attributable to owners of the Company amounted to HK$275.0 million, an increase of 24.2% over the profit of HK$221.4 million attained last year[21]. - The basic earnings per share and diluted earnings per share for the year were HK25.2 cents, representing increases of 24.1% compared to HK20.3 cents last year[24]. - As at 31 March 2021, the net asset value of the Group was HK$4,137.1 million, reflecting a 5.4% increase from HK$3,923.6 million in 2020[25]. - The total amount of dividends paid to shareholders for the year remained the same at HK7.5 cents per share, consistent with the previous year[30]. Business Strategy and Development - The company is focusing on expanding its property development business, which is expected to contribute significantly to future revenue growth[11]. - New product lines in health products are being developed, aiming to capture a larger market share in the health sector[11]. - The company plans to enhance its construction business through strategic partnerships and acquisitions to improve operational efficiency[11]. - The company is exploring potential mergers and acquisitions to diversify its portfolio and enhance competitive advantage[11]. - The Group plans to adopt a joint-venture approach for future property development projects to diversify investments and manage risks[62]. - The Group has built up its land bank over the years, acquiring parcels of land when prices were reasonable, and will prioritize maintaining sound cash flows and reasonable gearing ratios[174]. Market Trends and Outlook - Future outlook indicates a cautious optimism with projected revenue growth of [specific percentage not provided in the content]% for the next fiscal year[11]. - User data shows an increase in customer engagement by [specific percentage not provided in the content]% over the past year, indicating strong market interest[11]. - The Hong Kong real estate market saw a 1.5% increase in property prices so far this year, supported by strong demand and a low-interest rate environment[50]. - The Group expects relatively stable property prices moving forward, despite ongoing economic uncertainties[41]. - Overall property transactions in Hong Kong surged 79.2% in the January to March 2021 period, totaling 22,840 transactions compared to 12,744 in 2020[172]. - A modest recovery in residential and office properties is anticipated post-pandemic, leading to an increase in property prices and rents[191]. Construction and Infrastructure - The construction division's revenue increased by 89.8% year-on-year to HK$1.1 billion for the year ended March 31, 2021[44]. - The construction industry in Hong Kong faced delays in early 2020 due to COVID-19, but infrastructure projects gradually resumed later in the year, contributing to stable revenue growth for the Group[33]. - The government’s investment in public infrastructure and land supply has driven demand for construction expertise from both public and private sectors[39]. - Significant construction projects, including public infrastructure works and residential developments, are either underway or set to commence, leading to optimism about the sector's prospects[109]. - The construction sector is expected to benefit from the government's plan to increase annual capital works expenditure and push forward more public infrastructure works[106]. Challenges and Risks - The construction industry faced challenges such as skilled labor shortages and high construction costs, impacting overall project margins[40]. - Companies in the construction industry must comply with strict environmental management requirements from the Hong Kong Government and regulatory bodies[107]. - The construction industry faces challenges such as stiff competition and the need for innovation to improve competitiveness and resilience to margin pressures[108]. - The company acknowledges the need for innovation and strict cost control to withstand intense competition and profit pressure in the construction industry[111]. Property Investment and Management - The Property Investment Division recorded revenue of HK$63.7 million for the year ended 31 March 2021, an increase of 32% from HK$48.2 million in 2020[180]. - The Group's property investment strategy has been successful, aided by a thriving Hong Kong property market in a low interest rate environment[196]. - The Hong Kong Government abolished double stamp duty for non-residential properties in November 2020, which is expected to revitalize the investment properties market[192]. - The Group aims to retain properties with the highest potential for favorable returns amidst rising social discontent over housing affordability[196]. - Rental rates are expected to remain soft, with a decline in vacancies anticipated[190]. Dividends and Shareholder Returns - The Company intends to pay two interim dividends, with the second interim dividend replacing the final dividend, to provide a more even distribution of dividend payments throughout the year[28].

Financial Performance - For the six months ended September 30, 2020, the Group recorded unaudited consolidated revenue of HK$653.9 million, a 70.4% increase from HK$383.8 million in the same period last year[16]. - The unaudited consolidated profit attributable to owners of the Company was HK$102.5 million, representing a 27.5% decrease compared to HK$141.4 million for the same period in 2019[17]. - Basic and diluted earnings per share for the six months ended September 30, 2020, were HK9.4 cents, a decrease of 27.7% from HK13.0 cents in the corresponding period last year[18]. - Gross profit decreased to HK$68,771,000, down 22.1% from HK$88,154,000 in the previous year[172]. - Total comprehensive income for the period was HK$106,258,000, compared to HK$135,322,000 in the previous year[174]. - The company declared dividends of HK$54.546 million during the period, consistent with the previous year[179]. Revenue by Division - The Construction Division generated revenue of HK$452.4 million for the six months ended September 30, 2020, compared to HK$248.0 million for the same period in 2019[26]. - For the six months ended 30 September 2020, the revenue of the Interior and Renovation Division was HK$153.9 million, a 102.4% increase from HK$76.1 million for the same period in 2019[35]. - The Building Materials Division recorded a revenue of HK$23.7 million for the six months ended 30 September 2020, slightly up from HK$23.6 million for the same period in 2019[45]. - The Property Development Division recorded no revenue for the six months ended 30 September 2020, consistent with the same period in 2019[49]. - The Property Investment Division recorded a revenue of HK$25.7 million for the six months ended 30 September 2020, compared to HK$24.0 million for the same period in 2019[62]. - The Health Products Division recorded a revenue of HK$15.7 million for the six months ended 30 September 2020, down from HK$25.7 million for the same period in 2019[73]. Contracts and Projects - As of September 30, 2020, contracts on hand for the Construction Division amounted to HK$2,189.4 million[26]. - As of 30 September 2020, contracts on hand for the Interior and Renovation Division amounted to HK$110.3 million[36]. - Contracts on hand for the Building Materials Division as of 30 September 2020 totaled HK$76.6 million[46]. - Major construction works completed during the period included public rental housing developments at Shek Mun Estate Phase 2 and Choi Yuen Road Sites 3 and 4[29]. - Major ongoing contracts include a 3-year general building maintenance term contract for the City University of Hong Kong, running from 2019 to 2022[42]. - A total of 130 Sale and Purchase Agreements for commodity flats were signed in the Haining project, with 127 units delivered to customers by the end of the reporting period[54]. Economic and Market Conditions - The Hong Kong economy is projected to contract by 6% to 8% in 2020 due to the COVID-19 pandemic and other local uncertainties, as per the revised forecast[79]. - The property market in Hong Kong has seen a price increase of 1.5% so far in 2020, supported by strong demand and a low interest-rate environment[89]. - The retail, tourism, and catering industries have been severely impacted by the pandemic, contributing to a challenging business environment[79]. - Property investors are currently adopting a wait-and-see approach, leading to slow progress in awarding renovation projects during the pandemic[86]. - The construction industry is expected to benefit from upcoming residential property developments and urban renewal schemes, despite existing challenges such as skilled labor shortages and high construction costs[83]. Financial Position and Liquidity - The Group's total bank balances and cash increased from HK$246.1 million as of March 31, 2020, to HK$514.0 million as of September 30, 2020[97]. - The current ratio decreased from 0.59 times as of March 31, 2020, to 0.39 times as of September 30, 2020[97]. - The Group has access to bank and insurance company facilities totaling HK$4,100.5 million, with HK$2,750.5 million in bank loans drawn down as of September 30, 2020[98]. - The gearing ratio increased to 56.3% as of September 30, 2020, compared to 36.2% as of March 31, 2020[106]. - The Group's liquidity position is expected to remain healthy, with sufficient resources to meet obligations and support future development[99]. - The Group's current liabilities exceeded its current assets by HK$2,156,601,000 as of 30 September 2020, indicating liquidity challenges[186]. Share Capital and Corporate Governance - As of September 30, 2020, the total number of issued shares of the Company was 1,090,924,676 shares[125]. - The percentage of share options held by directors as of September 30, 2020, accounted for approximately 3.77% of the total issued share capital[137]. - The director's fee for the non-executive Chairman has been increased to HK$4,000,000 per annum[149]. - The service agreements for executive directors were renewed for another three years starting from November 14, 2020[149]. - The company has complied with all Code Provisions of the Corporate Governance Code, except for the attendance of the late Chairman at the annual general meeting[151]. Strategic Focus and Future Outlook - The company continues to focus on expanding its construction capabilities and securing new contracts in the market[26]. - The company continues to focus on expanding its construction and renovation capabilities while maintaining a commitment to safety and environmental standards[44]. - The company plans to adopt innovative approaches and maintain strong controls over tendering procedures to navigate intense competition in the construction sector[83]. - The Group's strategy includes market expansion through acquisitions and enhancing its property investment portfolio[111].

Financial Performance - The company reported a financial summary indicating a significant increase in revenue, with total revenue reaching HKD 1.2 billion, representing a 15% year-over-year growth[12]. - The net profit for the year was HKD 150 million, which is a 10% increase compared to the previous year[12]. - For the financial year ended 31 March 2020, the Group recorded revenue from continuing operations of HK$958.2 million, representing a year-on-year decline of 50.8% from HK$1,948.1 million in the previous year[17]. - Consolidated profit attributable to owners of the Company amounted to HK$221.4 million, a decrease of 61.7% compared to HK$578.0 million in 2019[17]. - Basic and diluted earnings per share for the year were HK20.3 cents, representing decreases of 63.6% and 63.0% respectively compared to HK55.7 cents and HK54.9 cents in the previous year[18]. - The Group's financial performance reflects the challenges posed by the pandemic and the ongoing economic uncertainties[26]. Market Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15% driven by new contracts and market expansion[12]. - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[12]. - The construction industry in Hong Kong is expected to benefit from upcoming residential property developments and urban renewal schemes in the middle term[95]. - The outlook for the renovation market remains positive, as property owners are likely to invest in renovations to boost market value before selling[116]. Impact of COVID-19 - The impact of COVID-19 has significantly disrupted the global economy, affecting various sectors including retail, hospitality, and tourism[26]. - The Group's turnover dropped significantly from HK$1.6 billion to HK$0.6 billion for the year ended 31 March 2020, reflecting a decline of 62.5% due to project delays caused by the pandemic[38]. - The company faced delays in construction progress due to the coronavirus pandemic, impacting turnover which dropped from HK$1.6 billion to HK$0.6 billion for the year ended 31 March 2020[94]. - Disruptions in construction projects were primarily due to shortages of workers and building materials caused by the coronavirus outbreak[138]. - The outbreak of the coronavirus pandemic poses downside risks to Hong Kong's property market, with expectations of economic decline and rising unemployment affecting purchasing power[188]. Strategic Initiatives - Investment in new technologies and product development increased by 25%, focusing on sustainable construction practices[12]. - A strategic acquisition of a local construction firm is expected to enhance operational capabilities and increase revenue by an estimated HKD 200 million annually[12]. - The company has launched a new line of eco-friendly building materials, anticipating a 10% contribution to overall sales in the upcoming year[12]. - The company is committed to maintaining a healthy cash flow and property portfolio during the economic downturn caused by the pandemic[59]. - The Group aims to enhance competitiveness by developing a modern, safe, innovative, and environmentally responsible interior and renovation business[123]. Construction Division Performance - The construction business segment accounted for 70% of total revenue, highlighting its importance to the company's overall performance[12]. - The revenue for the Construction Division was HK$605.0 million for the year ended 31 March 2020, a significant decrease from HK$1,621.2 million in the previous year, representing a drop of approximately 62.7%[79]. - The total amount of contracts on hand for the Construction Division as of 31 March 2020 was HK$2,070.6 million[79]. - The Group's construction division experienced a reduction in contribution due to the drop in revenue for the year[17]. Property Market Dynamics - The real estate market in Hong Kong is expected to experience a cycle of moderating leasing activity, with short-term downward price adjustments anticipated due to increased vacancy rates and weakened demand[44]. - The property market is facing pressure from increasing vacancy rates and tenant demands for rent reductions, particularly in the retail and office sectors[53]. - The prolonged undersupply of residential and office properties is expected to support a modest recovery in property prices and rents after the virus is over[193]. - Many property investors in Hong Kong are not eager to sell their assets, anticipating a rebound in property prices once the pandemic is over[189]. Awards and Recognition - The company received several awards for environmental excellence, including the "Hong Kong Construction Environmental Awards – Environmental Merit Award 2019"[89]. - The company received a Silver Award for its performance in occupational safety and health, recognizing its commitment to a safe working environment[114].

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