Summary by Futu AI
time intercon Limited (the "Company") announced its unaudited financial report for the six months ended on June 30, 2024 on June 30, 2024. The report shows that the company's revenue was HK$2,666.1 million, an increase of 1.5% from HK$2,626.7 million in the same period of 2023. Gross profit increased from HK$405.0 million to HK$490.2 million, a growth of 21.0%. Net profit for the period was HK$203.2 million, an increase of 34.3% from HK$151.3 million in the same period of 2023. Basic earnings per share were 10.4 HK cents, up 33.3% from 7.8 HK cents in the same period of 2023. The company completed the acquisition of 71.43% equity interest in Cosmic M.E. Inc. and 16.75% equity interest in Valkyrie Industries Limited in July 2024, with total consideration of 80 million Japanese yen (equivalent to HK$39.22 million) and 1 million British pounds (equivalent to HK$99.08 million) respectively.