Phoenix New Media Hong Kong stocks | Asian Industrial Group (01737) announced interim results. For the six months ended September 30, 2021, the unaudited consolidated profit attributable to the owner of the company was about 20.073 million yuan (HK $, the same below), an increase of 53.4% over the same period last year. Basic profit per share 2.01 cents, 1.31 cents in the same period last year, no interim interest.
During the period, the company's income was about 250 million yuan, up 32.3% from the same period last year, and gross profit was 43.357 million yuan, up 75.2% from the same period last year.
The increase in revenue is mainly due to the introduction by the Civil Aviation Authority of the scheme to control the establishment and operation of security facilities for air cargo outside the airport. All cargo must pass 100% security checks before loading into commercial aircraft; an increase in the number of orders from a new major customer since June 2020; and increasing demand from existing customers for the number of services provided by the Group.