Summary by Futu AI
HONG SHENG CHANG RESOURCES GROUP LIMITED ANNOUNCED ITS INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2023, SHOWING THAT REVENUE INCREASED 103.8% OVER THE SAME PERIOD LAST YEAR TO HK$226.4 MILLION. However, the same period profit fell 67.3% to HK$1.8 million from HK$5.5 million last year. Basic and diluted earnings per share also decreased from HK$9.78 cents to HK$1.81 cents last year. The Board of Directors has decided not to distribute an interim dividend. Despite the challenges of Hong Kong and China's economic environment, the company said it would continue to look for opportunities to expand its service capabilities and business development. In addition, the Company completed the dividend on 28 June 2023 and issued 96,000,000 shares of common stock with a net proceeds of approximately HK$128.2 million to support the upcoming Fire Safety System project and its ancillary services and general operating capital.