cnqc int'l (01240) announced its performance for the six months ended June 30, 2024, with revenue of 4.8836 billion...
Zhītōng Cáijīng APP News, cnqc int'l (01240) announced its performance for the six months ended June 30, 2024, with revenue of 4.8836 billion Hong Kong dollars, a year-on-year increase of 15.5%; the attributable profit to owners of the company was 23.831 million Hong Kong dollars, compared to a loss of 0.147 billion Hong Kong dollars in the same period last year; basic earnings per share were 0.014 Hong Kong dollars.
The main reason for the change from a net loss to a net profit during the period is that: the gross margin of the Singapore construction division improved compared to the same period in 2023; and the group's total borrowings decreased compared to the same period in 2023, resulting in reduced financial costs.
