Financial Performance - The group reported a total revenue of HKD 5,974,000,000 for the six months ended June 30, 2023, representing an increase compared to the previous year's revenue [2]. - The profit attributable to the owners of the company was HKD 250,000,000, showing a significant increase from HKD 196,045,000 in the same period last year [4]. - The earnings per share increased by 5% to HKD 1.77, reflecting the company's improved financial performance [2]. - The total comprehensive income for the period was HKD 228,889,000, compared to HKD 175,791,000 for the same period last year [4]. - The group reported a total segment profit of HKD 320,780,000 for the six months ended June 30, 2023 [21]. - For the six months ended June 30, 2023, the company reported a pre-tax profit of HKD 247 million, an increase from HKD 196 million in the same period of 2022, reflecting a growth of approximately 26% [59]. - The gross profit margin improved from 8.4% to 11.3% year-on-year, contributing to an increase in profit by HKD 190 million [59]. - The company's revenue for the six months ended June 30, 2023, increased by 2.4% to HKD 5,900,000,000 compared to the same period in 2022, while the profit after tax rose by 26% to HKD 247,000,000 [76]. Dividends and Equity - The company declared an interim dividend of HKD 0.04 per share [2]. - The company declared an interim dividend of 4 HK cents per share, totaling approximately 49,675,000 HKD, compared to no dividend in the same period last year [27]. - As of June 30, 2023, the total equity of the company was HKD 2,224 million, up from HKD 2,126 million as of December 31, 2022, representing an increase of approximately 4.6% [63]. - The group’s equity attributable to owners increased to HKD 2,197,000,000, up from HKD 2,092,919,000 at the end of the previous year [2]. Revenue Sources - The construction contracts segment generated revenue of HKD 5,727,088,000, contributing significantly to the overall revenue [18]. - The company continues to focus on construction projects, with a total revenue from construction contracts of 5,870,216 HKD for the period [38]. - For the six months ended June 30, 2023, service revenue was 5,973,534 HKD, an increase from 5,833,020 HKD in the same period last year, representing a growth of 2.4% [32]. Expenses and Liabilities - The interest expenses for the period amounted to HKD 15,386,000, an increase from HKD 8,882,000 in the previous year [23]. - The tax expense for the period was HKD 82,527,000, compared to HKD 66,008,000 in the same period last year [24]. - The company had interest-bearing borrowings totaling HKD 358 million as of June 30, 2023, compared to HKD 313 million at the end of 2022, indicating a rise of about 14.4% [62]. - The company's total salary expenses for the six months ended June 30, 2023, amounted to approximately HKD 832 million, reflecting the competitive compensation structure based on individual responsibilities and performance [60]. Assets and Financial Position - The total assets as of June 30, 2023, were 6,296,680 HKD, slightly down from 6,305,431 HKD at the end of the previous year [34]. - The company's contract assets increased to 3,151,594 HKD from 2,964,937 HKD, showing a growth of 6.3% [34]. - Trade payables decreased to 3,852,881 HKD from 3,988,095 HKD, a reduction of 3.4% [34]. - The company reported a decrease in financial assets at fair value through profit or loss to 343,616 HKD from 1,220 HKD, indicating a significant change in asset valuation [34]. - The company's cash and cash equivalents amounted to HKD 1,241,000,000, a decrease from HKD 2,037,000,000 as of December 31, 2022 [80]. - The company's liquid assets were HKD 1,784,000,000 as of June 30, 2023, down from HKD 2,391,000,000 as of December 31, 2022 [80]. Future Outlook - The total value of new contracts awarded during the period was HKD 8,100,000,000, with an optimistic outlook for achieving an annual target of HKD 10,000,000,000 in new contracts for the second half of the year [77]. - The company expects moderate revenue growth in the future, driven by gradual increases in government infrastructure spending [102]. Compliance and Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations [86].
利基控股(00240) - 2023 - 中期业绩