Summary by Futu AI
HUNG SHENG CHANG RESOURCES GROUP LIMITED (THE “COMPANY”) HAS ANNOUNCED ITS INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2023. The Group's revenue increased 103.8% year-on-year to HK$226.4 million, while profit fell 67.3% to HK$1.8 million, the report showed. Basic and diluted earnings per share were HK$1.81 cents compared to HK$9.78 in the same period last year. The Board of Directors has decided not to distribute an interim dividend. The Company and its subsidiaries are primarily engaged in the design, supply and installation of fire safety systems. Despite the challenges of the economic environment in Hong Kong and China, the Group seeks to expand its service capabilities and business development. During this reporting period, the Group completed the dividend and used the proceeds to support upcoming projects and general working capital.