Zhitong Financial APP News, limin Industries (00229) announced interim results for the six months ended June 30, 2023, with revenue of HK $649 million, an increase of 14.15% over the same period last year; profit attributable to shareholders of HK $25.662 million, an increase of 197.81%; earnings per share of HK5.12 cents; proposed interim dividend of HK3 cents per share.
It is reported that the substantial increase in net profit is due to the recovery of the group's business from the post-coronavirus epidemic era and cost control, as well as a series of favorable macroeconomic factors: the strong US dollar, the appreciation of the pound, the depreciation of the RMB and the rise in interest rates have increased the group's interest income. Despite reduced demand for air purification products as a result of the return to normal life in Chinese mainland and Hong Kong, China, the Group has successfully launched new consumer goods that consumers will buy in the post-coronavirus era.