Zhitong Financial APP News, Shengbai Holdings (02340) announced results for the six months ended June 30, 2023, with an income of HK $79.205 million, down 21.1% from a year earlier; a net loss of HK $7.916 million, a profit of HK $440 million in the same period last year; and a basic loss of HK1.90 cents per share.
The interior decoration and special project business and the property and facilities management business in China constitute the continuing business of the Group. The decrease in continuing business receipts was mainly due to the lack of sufficient orders for new interior decoration and special projects during the reporting period, as well as delays in the progress of existing projects in the interior decoration and special project business.