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1118 — Golik Holdings News Story

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Hong Kong's Golik Holdings H1 revenue falls on lower steel and concrete product deliveries

Hong Kong's Golik Holdings H1 revenue falls on lower steel and concrete product deliveries


Overview

  • Hong Kong-listed metal and construction materials firm's H1 revenue fell 13% yr/yr on lower deliveries

  • Net profit attributable to shareholders remained stable compared to a year ago

  • Company declared interim dividend of HK3.0 cents per share, up from HK2.5 cents last year


Outlook

  • Company did not provide specific financial guidance or forecasts for the current or future periods in the press release


Result Drivers

  • LOWER DELIVERIES - Co said revenue fell mainly due to lower delivery volumes of steel and concrete products in Hong Kong, citing fewer public and private engineering projects

  • METAL PRODUCTS MARGIN PRESSURE - Metal products revenue rose 4%, but profit declined due to competitive pressure and weak demand in the Chinese Mainland real estate market

  • MEDICAL IMAGING GROWTH - Medical imaging revenue nearly doubled, driven by expanded collaborations and higher equipment utilisation


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$1.58 bln

H1 Net Income Attributable

HK$71.6 mln


Reuters Recommended Reads

  • Aug 26 - Hong Kong's Build King interim profit rises on lower administrative expenses

  • Aug 25 - Hong Kong's SFK Construction interim profit nearly doubles on lower expenses

  • Aug 25 - Hong Kong's C Cheng Holdings H1 revenue falls on lower contract sums, supplementary contracts


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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