Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 125,321,000, representing a 6.1% increase from HKD 118,113,000 in the same period of 2023[2] - Gross profit increased to HKD 24,785,000, up 69.5% from HKD 14,605,000 year-on-year[2] - The net profit for the period was HKD 5,711,000, compared to a net loss of HKD 4,568,000 in the previous year[2] - Basic and diluted earnings per share were HKD 0.37, compared to a loss per share of HKD 0.35 in the prior period[2] - The group recorded a profit before tax of HKD 8,507,000, compared to a loss before tax of HKD 3,220,000 for the same period in 2023[18] - The net profit for the period was HKD 5,711,000, a significant recovery from a loss of HKD 4,568,000 in the prior year[18] - The company reported a revenue increase of 6.1% to approximately HKD 125.3 million for the six months ended June 30, 2024, compared to HKD 118.1 million for the same period in 2023[29] - Gross profit surged by 69.9% to approximately HKD 24.8 million, up from HKD 14.6 million in the previous year[29] - The company recorded a profit of approximately HKD 5.7 million, a turnaround from a loss of HKD 4.6 million in the same period last year[29] - The group recorded a profit of approximately HKD 5.7 million for the current period, compared to a loss of approximately HKD 4.6 million for the same period last year[34] Revenue Breakdown - The construction and supporting services segment generated revenue of HKD 43,175,000, up from HKD 24,563,000, reflecting a growth of 75.5% year-over-year[9] - The consumer products segment reported revenue of HKD 82,146,000, down 12.1% from HKD 93,550,000 in the previous year[9] - Revenue from the construction and fitting services segment increased by 75.6% to approximately HKD 43.2 million, compared to HKD 24.6 million in the previous year[30] - Consumer products business revenue accounted for about 65.5% of total revenue, reaching approximately HKD 82.1 million, down from HKD 93.6 million in the previous year[32] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 487,035,000, an increase from HKD 455,907,000 at the end of 2023[4] - Current assets increased to HKD 487,035,000, compared to HKD 455,907,000 in the previous year[4] - Cash and bank balances decreased to HKD 32,555,000 from HKD 40,434,000 at the end of 2023[4] - The company’s equity attributable to owners increased to HKD 377,262,000 from HKD 354,421,000[5] - Trade receivables as of June 30, 2024, amounted to HKD 115.049 million, up from HKD 112.760 million as of December 31, 2023[25] - Trade payables as of June 30, 2024, were HKD 27.092 million, compared to HKD 26.648 million as of December 31, 2023[28] - The current ratio as of June 30, 2024, was approximately 4.0 times, compared to 3.9 times at the end of 2023[38] - The debt-to-asset ratio was approximately 19.0% as of June 30, 2024, down from 20.3% at the end of 2023[38] Financing and Costs - The company reported a decrease in financing costs to HKD 3,166,000 from HKD 4,026,000 year-on-year[2] - The group incurred total financing costs of HKD 3,166,000, a decrease from HKD 4,026,000 in the previous year[17] - The company’s loan portfolio remains unsecured, with interest rates ranging from 6% to 10%[24] - The expected credit loss provision for trade receivables increased to HKD 2.288 million from HKD 1.530 million year-over-year[25] Operational Highlights - The company continues to focus on expanding its construction and financial services, with ongoing investments in consumer products[6] - Administrative expenses increased to approximately HKD 11.9 million from HKD 11.4 million, primarily due to higher operating costs[33] - The group expects business performance to improve in 2024 due to the recovery of the economic environment in Hong Kong, Macau, and China, with plans for more construction projects[35] Dividends and Recommendations - The company did not recommend any interim dividend for the six months ending June 30, 2024[22] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2024[43] Governance and Compliance - The Audit Committee was established on August 13, 2015, consisting of three independent non-executive directors[47] - The company maintained a public float of no less than 25% of its issued shares as of June 30, 2024[48] - The interim results announcement will be published on the company's and the stock exchange's websites, with reports sent to shareholders at the appropriate time[49]
旷逸国际(01683) - 2024 - 中期业绩