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Chinney Kw (01556.HK) reported a net profit of 55.2 million Hong Kong dollars for the first half of the year, an increase of 26.2% year-on-year.
Kwong Hoi August 26th, chinney kw (01556.HK) announced that for the six months ended June 30, 2024, the group's revenue increased by 7.9% to HK$1,102,100,000 during the reporting period. The group's net profit for the reporting period was HK$55,200,000, an increase of 26.2% compared to the same period in the past. The increase in net profit is mainly due to the gross profit increase of HK$26,200,000 generated by the construction projects in this period, and other income and gains increased by HK$4,200,000. However, the increase in administrative expenses of HK$17,700,000 during the review period offset the profits.
Express News | Chinney Kin Wing Holdings H1 Revenue HKD 1,102.1 Million
Express News | Chinney Kin Wing Holdings H1 Net Income HKD 55.2 Million
CHINNEY KW: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
CHINNEY KW: JOINT ANNOUNCEMENT - DELAY IN DESPATCH OF CIRCULARS FOR MAJOR AND CONNECTED TRANSACTIONSPROVISION OF THE LOAN
Chinney KW (01556.HK) held a board of directors meeting on August 26 to approve its interim performance.
Chinney KW (01556.HK) announced that the board of directors will hold a meeting on Monday, August 26, 2024, to approve the mid-term performance of the company and its subsidiaries for the six months ending on June 30, 2024.
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