Zhitong Financial App News, China Public Purchasing (01094) issued an announcement that in the six months ended June 30, 2021, the company achieved an income of HK $20.2 million, an increase of 45.70% over the same period last year, and a loss of HK $4.072 million attributable to shareholders, a year-on-year reduction of 46.29%. The basic loss per share is HK1.67 cents.
According to the announcement, all divisions of the Group achieved an increase in revenue during the period, including an increase in revenue from public procurement and the provision of enterprise IT solutions due to increased market demand, as well as an increase in rental prices for the company's commercial building in Wuhan, Hubei Province, China.
The decrease in losses was mainly due to an increase in gross profit, an increase in other income, a decrease in administrative expenses and a reversal of impairment losses on trade and other receivables due to an increase in income during the period.