Summary by Moomoo AI
ENVISION GREEN Holdings Limited announced its interim results for the six months ending September 30, 2024. During the period, revenue increased by 4.5% to 0.248 billion HKD, gross profit surged by 323.9% to 44.4 million HKD, and gross margin rose from 4.4% to 17.9%. Adjusted EBITDA turned from a loss of 13.8 million HKD in the same period last year to a profit of 15.9 million HKD.The loss attributable to the owners of the company widened to 26.6 million HKD, mainly due to costs of approximately 33.6 million HKD recognized for equity-settled share-based payments. Revenue from superstructure construction and repair, maintenance, renovation, and extension works decreased by 80.7 million HKD, but increased revenue from reverse supply chain management and Eco-friendly Concept related services rose by 91.4 million HKD, offsetting some...Show More