Yinghai Group (08668) released its interim results for the six months ended June 30, 2023, with a profit of HK $36.199 million, an increase of 491.2% over the same period last year, and a profit attributable to shareholders of HK $2.97 million, compared with a loss of HK $6.327 million in the same period last year.
The sharp increase in revenue was mainly due to increased revenue from the sale and distribution of hotel rooms and the provision of car rental services, the announcement said.