Gelonghui August 29?Wanshun Group Holdings (01746.HK) announcementFor the six months ended 30 June 2023, the Group recorded revenue of approximately HK $69.852 million (six months ended 30 June 2022: approximately HK $58.202 million). The profit attributable to the company's equity shareholders is approximately HK $1.353 million (for the six months ended June 30, 2022: a loss of approximately HK $2.222 million).Earnings per share are HK0.14 cents.
The Group is registered as a registered electrical contractor under the Electrical and Mechanical Services Department, a registered subcontractor under the Building Authority's type A (classes II and III), type D (classes II and III) and type E (classes II and III) minor works contractors (companies) and the Construction Industry Council's subcontractor registration system.
In early 2023, when novel coronavirus's situation stabilized or receded, the government of the Hong Kong Special Administrative region abolished the mandatory wearing of face masks in March 2023. The economy has moderately returned to normal and the construction project has been carried out smoothly. As a result, compared with the net loss for the same period, the Group's financial performance turned from loss to profit during the reporting period.
In addition, the management has been actively considering other business opportunities that will bring better returns to the Group, such as the provision of maintenance and other services, to create additional sources of revenue for the Group.