Revenue Performance - Revenue increased from approximately HKD 494.4 million for the six months ended September 30, 2023, to approximately HKD 580.3 million for the six months ended September 30, 2024, representing an increase of about HKD 85.9 million or approximately 17.4%[3] - Revenue from external customers for construction contracts reached HKD 446,250,000, while revenue from renovation and maintenance services was HKD 134,046,000, totaling HKD 580,296,000 for the six months ended September 30, 2024[31] - The company's total revenue increased by approximately 17.4% compared to the same period in 2023[31] - Revenue from building services rose from approximately HKD 313.6 million to approximately HKD 446.3 million, an increase of about HKD 132.7 million or approximately 42.3%[56] - Revenue from renovation and maintenance services decreased from approximately HKD 180.8 million to approximately HKD 134.0 million, a decline of about HKD 46.8 million or approximately 25.9%[57] Profitability - Gross profit decreased from approximately HKD 22.2 million for the six months ended September 30, 2023, to approximately HKD 16.9 million for the six months ended September 30, 2024, a decrease of about HKD 5.3 million or approximately 23.9%[3] - The company's gross profit decreased from approximately HKD 22.2 million to approximately HKD 16.9 million, a decline of about HKD 5.3 million or approximately 23.9%[60] - The gross profit margin fell from approximately 4.5% to approximately 2.9%, a drop of about 1.6 percentage points[60] - Profit attributable to equity holders increased from approximately HKD 2.2 million for the six months ended September 30, 2023, to approximately HKD 5.0 million for the six months ended September 30, 2024, an increase of about HKD 2.8 million or approximately 127.3%[3] - The pre-tax profit for the period was HKD 5,607,000, with a net profit of HKD 5,046,000, compared to HKD 2,192,000 for the same period in 2023[36][39] Earnings Per Share - Basic earnings per share for the six months ended September 30, 2024, was approximately HKD 0.6 cents, compared to approximately HKD 0.3 cents for the six months ended September 30, 2023[3] - The average number of ordinary shares in issue was 793,204,000 for both periods, with no potential dilution effect from issued shares[39][40] Dividends - The board of directors decided not to declare any interim dividend for the six months ended September 30, 2024, consistent with the previous period[3] - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[41] - No interim dividend was declared for the six months ended September 30, 2024, consistent with the same period in 2023[82] Assets and Liabilities - Total assets less current liabilities as of September 30, 2024, amounted to approximately HKD 276.1 million, compared to approximately HKD 282.3 million as of March 31, 2024[7] - Current assets as of September 30, 2024, totaled approximately HKD 567.98 million, an increase from approximately HKD 554.28 million as of March 31, 2024[7] - Cash and bank balances increased to approximately HKD 162.96 million as of September 30, 2024, from approximately HKD 77.47 million as of March 31, 2024[7] - Non-current assets decreased from approximately HKD 39.91 million as of March 31, 2024, to approximately HKD 36.67 million as of September 30, 2024[7] - Total assets amounted to HKD 604,649,000, while total liabilities were HKD 330,792,000 as of September 30, 2024[30] Employee Expenses - The company reported a decrease in employee benefits expenses, totaling HKD 45,485,000 for the six months ended September 30, 2024, compared to HKD 46,940,000 in 2023[36] - As of September 30, 2024, the total employee cost (excluding directors' remuneration) was approximately HKD 45.5 million, compared to HKD 46.9 million for the same period in 2023[68] Financial Position - The current ratio as of September 30, 2024, was approximately 1.7 times, slightly down from 1.8 times as of March 31, 2024[74] - The group had no outstanding bank borrowings as of September 30, 2024, and lease liabilities were approximately HKD 7.9 million, down from HKD 9.3 million as of March 31, 2024[77] - The capital debt ratio as of September 30, 2024, was approximately 2.9%, a decrease from 3.3% as of March 31, 2024[78] Contracts and Investments - The company successfully secured two large contracts totaling approximately HKD 574.9 million during the six months ended September 30, 2024[52] - The group had no significant investments, acquisitions, or disposals of subsidiaries and associates during the six months ended September 30, 2024[69] Guarantees and Bonds - The group provided unlimited guarantees to several banks to support the issuance of performance bonds totaling approximately HKD 97.2 million as of September 30, 2024, up from approximately HKD 49.8 million as of March 31, 2024[72] Acknowledgments - The board expresses gratitude to shareholders, institutional investors, customers, bankers, suppliers, subcontractors, and business partners for their ongoing support and trust[90] - The management team and all employees are acknowledged for their efforts and significant contributions to the group[90] Other Information - There were no significant events requiring disclosure after September 30, 2024, up to the date of this announcement[84] - The group has not engaged in any share buybacks, sales, or redemptions during the six months ended September 30, 2024[83]
伟工控股(01793) - 2025 - 中期业绩