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1447 — Sfk Construction Holdings News Story

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Hong Kong's SFK Construction interim profit nearly doubles on lower expenses

Hong Kong's SFK Construction interim profit nearly doubles on lower expenses


Overview

  • Hong Kong construction firm's interim revenue rose slightly yr/yr to HK$2.36 bln

  • Net profit attributable to shareholders nearly doubled yr/yr

  • Higher gross profit and lower administrative expenses supported profit growth


Outlook

  • Company did not provide specific guidance for future quarters or the full year


Result Drivers

  • HIGHER GROSS PROFIT - Gross profit increased as direct costs rose less than revenue

  • LOWER ADMINISTRATIVE EXPENSES - Administrative expenses declined yr/yr


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$2.36 bln

H1 Net Income Attributable

HK$15.80 mln


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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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