Zhitong Financial APP News, Aobang Construction (01615) released interim results for the six months ended June 30, 2023, with a profit of 77.095 million patacas, a year-on-year decrease of 21.36%; a loss of 7.14 million patacas attributable to the company's owners, a year-on-year reduction of 6.32%; a loss of 1.19 patacas per share.
It is reported that the decrease in revenue is mainly due to a decrease in revenue from decoration projects by about 53.9 million patacas, or 55.5 per cent, because most of the projects were completed in 2022, but due to the expansion of the Chinese market, this is partly offset by an increase in revenue from structural engineering projects of about 33.8 million patacas or 100 per cent.