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龙昇集团控股(06829.HK)6个月亏损减少21.01%至367.7万港元

Longsheng Group Holdings (06829.HK) reduced its six-month loss by 21.01% to HK $3.677 million.

財華社 ·  Nov 25, 2021 22:56

[Caihua News] Longsheng Group Holdings (06829.HK) announced that for the six months ended September 30, 2021, the group's interim income was about 330 million yuan, down 36.21% from the same period last year; the company's equity holders' share of total losses and comprehensive expenses during the period was HK $3.677 million, down 21.01% from the same period last year; basic loss per share was HK0.31 cents; no interim dividend was paid.

The Group was still able to strictly control costs during the reporting period, resulting in a reduction of about 37.0% in direct costs. As a result, the Group's gross profit reached about HK $4.8 million, an increase of 269.2 per cent from about HK $1.3 million in the same period last year. During the reporting period, the Group was awarded 11 projects with a total contract value of approximately HK $422 million.

In mid-2021, the decline in Group earnings was mainly due to a decrease in revenue for the current period as a result of the substantial completion of projects on hand in the six months ended September 30, 2020.

During the reporting period, other income decreased by about HK $500 million, or about 76.9% to about HK $1.5 million, from approximately HK $6.5 million in the same period in 2020, mainly due to the recognition of one-time government subsidies and subsidies for merchants during the COVID-19 period, which amounted to approximately HK $5.6 million for the six months ended September 30, 2020.

During the reporting period, the total loss attributable to the company's owners and overall expenses decreased by approximately HK $1 million, or about 21.3%, from approximately HK $4.7 million to approximately HK $370 million compared with the same period in 2020, mainly due to the combined effect of the increase in gross profit and other income decreases discussed above.

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