Summary by Moomoo AI
Time Intercon Limited (the "company") announces its interim results for the six months ended June 30, 2024. During the period, the company recorded a revenue of HK$2,666.1 million, a 1.5% increase compared to the same period last year; gross profit increased by 21.0% to HK$490.2 million; net profit reached HK$203.2 million, a 34.3% increase year-on-year. Basic earnings per share were 10.4 Hong Kong cents. The company declared an interim dividend of 1 Hong Kong cent per share. During the period, the company actively expanded its business, completed the acquisition of 71.43% equity of Cosmic M.E. Inc. and 16.75% equity of Valkyrie Industries Limited, and established a new liaison office in San Diego, USA to seize more business opportunities in the medical market. The board of directors remains optimistic about future business development.