As of the six months ending September 30, 2024, k.h. gp hldgs limited's revenue was approximately HKD 75,068,000, a decrease of 0.6% compared to the same period last year. The gross loss dramatically decreased from approximately HKD 51,192,000 in the same period last year to about HKD 10,914,000, with the gross loss margin dropping from 67.8% to 14.5%. However, the group recorded a net loss of approximately HKD 44,388,000, widening from about HKD 23,524,000 in the same period last year. Management pointed out that the revenue decrease was mainly due to the reduction in completed works after the completion of several large projects. The group's other income sharply declined, primarily due to the recognition of compensation income from the previous holding company in the same period last...Show More

As of the six months ending September 30, 2024, k.h. gp hldgs limited's revenue was approximately HKD 75,068,000, a decrease of 0.6% compared to the same period last year. The gross loss dramatically decreased from approximately HKD 51,192,000 in the same period last year to about HKD 10,914,000, with the gross loss margin dropping from 67.8% to 14.5%. However, the group recorded a net loss of approximately HKD 44,388,000, widening from about HKD 23,524,000 in the same period last year. Management pointed out that the revenue decrease was mainly due to the reduction in completed works after the completion of several large projects. The group's other income sharply declined, primarily due to the recognition of compensation income from the previous holding company in the same period last year. Administrative and other operating expenses increased by 16.3%, mainly due to rising employee benefits costs and legal and professional fees. The group recognized an impairment provision of approximately HKD 3,050,000 for properties, machinery, and equipment during this period. Looking ahead, the group faces challenges in Hong Kong's construction industry, including labor shortages and rising interest rates. The group plans to strengthen its cash flow position by reducing capital expenditures and actively collecting receivables. Additionally, the group has made progress in expanding its construction business in china and plans to enter the eco-friendly concept sector. The board of directors holds a cautiously optimistic view on the long-term prospects of Hong Kong's foundation industry and will continue to prudently advance its core business and development plans.