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AUTOMATED SYS: Interim Report 2024
Automated Systems Arm Disposes Over 900,000 Shares in Associate Firm for Nearly $12 Million
Automated Sys (00771.HK) plans to sell a total of 0.9134 million shares of GDH stock for $11.7 million.
Great Wisdom announced on September 13 that its automated system (00771.HK) issued an announcement. On September 12, 2024 (New York time), the company's wholly-owned subsidiary GDD sold a total of approximately 0.9134 million shares of GDH (a company listed on nasdaq (stock code: GDYN)) through brokers in block trading at a total price of about $11.7 million (about HK$91.2 million) (excluding trading costs), representing approximately 1.19% of the total issued and outstanding shares of GDH. The average selling price per share of GDH stock is approximately $12.8 (approximately HK$99.8 per share of GDH stock).
Express News | Automated Systems Holdings Ltd - Disposed a Total of 913,387 Grid Dynamics Shares by Way of Block Trade at US$11.7 Mln
Automated Systems' H1 Profit Declines 58%
The automated sys released its interim performance and the shareholders' attributable surplus decreased by 58.17% year-on-year to HKD 38.101 million.
Automated sys (00771) released its interim performance for the six months ended June 30, 2024. The group achieved revenue of HKD 1.225 billion, a decrease of 1.36% year-on-year. Shareholders' net profit attributable to the company decreased by 58.17% to HKD 38.101 million, with earnings per share of HKD 4.57 cents. During the review period, the group's net profit attributable to shareholders for the period was HKD 38.1 million, a decrease of 58.2% compared to the same period last year. This decline was mainly due to a decrease in net income from the sale of a portion of the equity of an associated company acquired during the period.
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