Summary by Futu AI
The financial report of Hang Yik Holdings for the six months ended 30 September 2013 showed that Group revenue was approximately HK$85.0 million, down approximately 23.7% from HK$111.4 million in the same period last year, mainly due to a decrease in revenue demonstrated by early stage clients. During the same period, the Group has awarded a total of HK$316.5 million in steel and metal engineering services contracts. The Board believes that despite global economic instability and rising labour costs, the outlook for the construction business remains optimistic due to increased land supply and the government's commitment to improve the supply of public housing. During the reporting period, the Group's gross profit decreased from approximately HK$16.4 million to approximately HK$11.8 million and...Show More