Summary by Moomoo AI
Time Intercon Limited (the 'Company') announced its unaudited financial report for the six months ended June 30, 2024, on June 30, 2024. The report shows that the company's revenue was 2,666.1 million Hong Kong dollars, an increase of 1.5% compared to 2,626.7 million Hong Kong dollars in the same period of 2023. Gross profit increased from 405.0 million Hong Kong dollars to 490.2 million Hong Kong dollars, a growth of 21.0%. Net profit for the period was 203.2 million Hong Kong dollars, a 34.3% increase from 151.3 million Hong Kong dollars in the same period of 2023. Basic earnings per share were 10.4 Hong Kong cents, a 33.3% increase from 7.8 Hong Kong cents in the same period of 2023. In July 2024, the Company completed the acquisition of 71.43% equity interest in Cosmic M.E. Inc. and 16.75% equity interest in Valkyrie Industries Limited, with total consideration of 80 million Japanese yen (equivalent to 39.22 million Hong Kong dollars) and 1 million British pounds (equivalent to 99.08 million Hong Kong dollars).
