According to the Zhitong Finance App, Hengzhi Holdings (08405) announced the interim results for the six months ended June 30, 2023. The group achieved revenue of HK$103 million, an increase of 6.98% over the previous year; the company owners should have a profit of HK$9.419 million, a decrease of 45.93% over the previous year; profit of HK2.35 cents per share.
Due to the lack of a working population in Hong Kong, China, the increase in salary costs and the increase in property rents, profit during the period fell by about 48.65% to about 9.802 million yuan. The Group will continue to optimize existing resources and enhance employee training. Management will also formulate various response strategies and implement cost control measures to save costs.