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ISP Holdings Reports Increased Gross Profit Amid Losses
Sembcorp Industries (02340.HK): The midterm shareholder's share of the loss is 10.5 million Hong Kong dollars.
On August 22, Shengbo Holdings (02340.HK) announced that for the six months ended June 30, 2024, the Group recorded a comprehensive income of approximately HKD 47.5 million, a decrease of 40.0% compared to the same period last year. Due to the acceptance of more practical final payments for several completed projects by some subcontractors, costs were saved and gross profit increased from approximately HKD 4.9 million in the same period to approximately HKD 7.9 million, which also resulted in a 10.4% increase in gross margin. On the other hand, although there was no further provision for the group to pay litigation costs based on the compensation benchmark in the form of a temporary order during the reporting period,
Express News | ISP Holdings H1 Basic EPS HKD -0.025
Express News | ISP Holdings H1 Revenue HKD 47.5 Million
ISP HOLDINGS: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Ascletis (02340.HK) expects a 38% to 43% decrease in mid-year earnings.
On August 14th, Gelonghui reported that Shengbai Holdings (02340.HK) expects to achieve the following financial results for the six months ending June 30, 2024: (1) Revenue for the period is expected to decrease by 38% to 43% from the revenue for the six months ending June 30, 2023, which is about HKD 79.2 million; and (2) Equity holders of the Company are expected to suffer losses of HKD 10 million to HKD 15 million during the period, while the equity holders of the Company suffered a loss of about HKD 7.9 million in previous periods. The reasons for the decrease in revenue and the increase in losses are as follows:
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