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INCON: Annual Report 2023/2024
Incon (01500.HK) recorded a pre-tax loss of HKD 12.9 million for the year.
Incon (01500.HK) announced on June 21st that as of March 31, 2024, the Group's recorded contract revenue increased by about 50.7 million Hong Kong dollars compared to the same period in 2023. Gross profit increased from about 5.2 million Hong Kong dollars in 2023 to about 7.0 million Hong Kong dollars this year, an increase of about 1.8 million Hong Kong dollars. Gross margin also increased from 1.6% in 2023 to 1.8% this year, mainly due to the profits realized from some completed projects during the year. The pre-tax loss for the 2023/24 fiscal year was 12.9 million Hong Kong dollars, compared to a loss of 15 million in the previous fiscal year.
INCON: ANNOUNCEMENT OF ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2024
INCON: Interim Report 2023 / 2024
In Construction's Loss Widens in Fiscal H1
Existing Construction (01500.HK)'s interim loss increased 140% to HK$32.4 million
Gelonghui November 27丨Xianheng Construction (01500.HK) announced that in the six months ended September 30, 2023, 9 projects contributed about HK$141.3 million in revenue, while 10 projects contributed about HK$166.1 million in revenue in the same period in 2022. Losses for the period increased by $18.9 million, or 140%, to HK$32.4 million, compared to HK$13.5 million in the same period last year. During this period, the Group was awarded two new contracts with a total contract value of HK$642 million. As of September 30, 2023, all nine projects with an unfinished contract value of HK$900.8 million are under construction.
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