Zhitong Financial App News, Advanced Development (01667) reported results for the six months ended September 30, 2021, with an income of HK $66.508 million, an increase of 1.7% over the same period last year; a loss of HK $36.153 million attributable to the owners of the company, a year-on-year reduction of 9.4%; and a basic loss of HK3.77 cents per share.
On September 30, 2021, the company has 2, 25 and 2 projects under construction (construction in progress) in building construction services, alteration, addition, decoration and building services, and maintenance and rehabilitation of historic buildings.
As at 30 September 2021, the total revenue from the company's projects under construction is expected to be recognized after 30 September 2021 is approximately HK $110.4 million.