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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(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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