Zhitong Financial APP News, stress Holdings (02663) announced results for the six months ended September 30, 2021, income of about HK $263 million, an increase of about 26% over the same period last year. Net profit was HK $19.52 million, down about 15.85% from a year earlier; basic and diluted earnings per share were HK3.25 cents.
The increase in earnings is due to the smooth progress of new major projects, the announcement said. The decrease in net profit was mainly due to a decrease in gross profit of about HK $300000, an increase in administrative expenses of HK $800000 and the absence of government subsidies during the period.