Gelonghui International Group (00025.HK) announced on November 29, that for the six months ended September 30, 2023, the Group's unaudited interim results recorded consolidated revenue of HK$3,927 million (2022: HK$3,339 million, re-listed), an increase of 18%, mainly due to an increase in completed projects in the construction and mechanical engineering classification. Profit attributable to shareholders of the company was reduced to HK$59 million (2022: HK$96 million, re-listed), so the profit per share for the review period was HK$0.19 (2022: HK$0.32, re-listed). The board of directors has decided to declare an interim dividend of HK$0.06 per share for the six months ended September 30, 2023 (2022: HK$0.10).
During the review period, classification revenue for construction and mechanical engineering increased from HK$2.160 billion to HK$2,511 million, an increase of 16%. The classified profit before net financial expenses increased from HK$152 million to HK$194 million, an increase of 28% over the same period last year. The increase in profit was mainly due to an increase in completed projects and was in line with the increase in revenue. As of September 30, 2023, the total value of unfinished construction and mechanical works contracts on hand by the Group was HK$9.416 billion.