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landrich hldg released its interim results, with a net profit of 2.35 million Hong Kong dollars, a decrease of 86.67% year-on-year.
landrich hldg (02132) announced its interim results for the six months ending September 30, 2024, with revenue of 0.644 billion HKD, an increase of 16.02% year-on-year; profit during the period was 2.35 million HKD, a decrease of 86.67% year-on-year; earnings per share were 0.15 HKD. The announcement stated that the increase in revenue was mainly driven by the undertaking of a large number of significant projects during the six months ending September 30, 2024.
LANDRICH HLDG: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Landrich Expects Lower H1 Profit
landrich hldg (02132.HK) expects a mid-term net profit of approximately 2 million to approximately 3 million Hong Kong dollars.
Gelonghui November 18丨landrich hldg (02132.HK) announced that the company expects to record a net profit of approximately 2 million to about 3 million Hong Kong dollars for the six months ending September 30, 2024, compared to a net profit of approximately 17.6 million Hong Kong dollars for the same period last year. The director believes that this decrease is mainly attributed to a decline in gross margin. The decline in gross margin is primarily due to (i) delays in the assessment of site indications and instructions for certain projects; and (ii) increases in construction and employee costs.
Express News | Landrich Holding- Expected Result Due to Delay of Site Instructions and Variations Assessments for Certain Projects, Others
Express News | Landrich Sees Net Profit for Six Months From HK$2.0 Mln to HK$3.0 Mln
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