GLONGHUI November 28丨B & D STRATEGIC (01780.HK) announced that the Group's revenue for the 6 months ended September 30, 2023 was approximately HK$108 million (6 months ended September 30, 2022: approximately HK$98.1 million). The loss was approximately HK$25 million (for the 6 months ended September 30, 2022: profit of approximately HK$8.8 million). The basic loss per share was approximately HK4.03 cents (for the 6 months ended September 30, 2022: basic earnings per share of approximately HK1.42 cents). The Board of Directors does not recommend the payment of interim dividends for the six months ended September 30, 2023 (the six months ended September 30, 2022: none).
As Hong Kong's economy gradually recovers from the novel coronavirus pandemic and expectations of interest rate hikes slow, the Hong Kong construction market is expected to improve in the next few years. However, the number of large-scale construction contracts available for bidding is still small and the market competition is still intense, so the profit level of newly ordered construction contracts is expected to be relatively low.
Therefore, the Group remains cautious about its outlook on its business and financial performance in the near future. Looking ahead, the Group will continue to work to expand its business by (i) closely monitoring market conditions, (ii) maintaining an experienced and dedicated management team, and (iii) maintaining good relationships with customers, subcontractors and suppliers.