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Charity group(00406) announced interim results for the six months ended September 30, 2022. During the period, the group achieved revenue of HK$3.109 billion, a decrease of 0.47% year on year, profit attributable to shareholders of HK$22.449 million, a year-over-year decrease of 50.75%; Profit was 5.12 Hong Kong cents and an interim dividend of 2.5 Hong Kong cents per share was offered.
According to the tender, in terms of segment sales, the growth achieved by the electromechanical installation segment offset the decline in sales of building materials supplies. The electromechanical installations segment has received increasing orders in recent years, supporting future sales growth. In addition, some of its large-scale projects have entered the peak period, resulting in an increase in the number of completions. For the first six months, M&E install revenue grew 14% year over year.
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