Hong Kong's Analogue Holdings H1 profit more than doubles on NCA stake disposal

Analogue Holdings

28/08/2026 09:43

Overview
Hong Kong engineering services firm's H1 revenue rose 6% yr/yr
Profit attributable to owners more than doubled yr/yr
Gross profit declined to HK$387.8 mln from HK$484.3 mln yr/yr

Outlook
Analogue Holdings aims to fully deploy HK$59.8 mln of unutilised listing proceeds on acquisitions or investments by 31 Dec 2027

Result Drivers
ENVIRONMENTAL ENGINEERING PROJECT EXECUTION - Company said revenue growth was primarily driven by steady project execution in the Environmental Engineering segment
NCA STAKE DISPOSAL - Company said profit was partly attributable to the disposal of about 3% equity stake in associate Nanjing Canatal Data-Centre Environmental Tech Co., Ltd., which generated a gain of HK$112.7 million
BUILDING SERVICES PROJECT EXECUTION - Company said revenue growth was primarily driven by steady project execution in the Building Services segment

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$3.04 bln
 

Analyst Coverage
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)