Shell Power (02381.HK) announced that for the six months ended June 30, 2023, the company's operating income was HK $118.9 million, down 26.9% from the same period last year. The decrease in revenue was mainly due to a decline in sales of power tools.
The gross profit margin for the period was 28.0%, an increase of 1.3 percentage points from 26.7% in the same period in 2022. The profit attributable to the owners of the company was HK $13.0 million, a decrease of about 47.3% compared with the same period last year.