Summary by Futu AI
Time Intercon Limited (the "Company") announced its interim performance for the six months ended June 30, 2024. During the period, the company recorded revenue of HKD 266.61 million, an increase of 1.5% compared to the same period last year; gross profit increased by 21.0% to HKD 49.02 million; net profit reached HKD 20.32 million, a year-on-year increase of 34.3%. Basic earnings per share were HKD 0.104. The company declared an interim dividend of HKD 0.01 per share. During the period, the company actively expanded its business, completed the acquisition of 71.43% equity interest in Cosmic M.E. Inc. and 16.75% equity interest in Valkyrie Industries Limited, and established a new contact office in San Diego, USA to seize more business opportunities in the medical market. The board of directors remains optimistic about future business development.