China Wantong Garden (06966.HK) announced that for the six months ended June 30, 2022, the company's unaudited income was about 23.8 million yuan, an increase of 14.7 percent over the same period in 2021. The profit attributable to the owners of the company was 13.74 million yuan, an increase of 79.5 percent over the same period last year.
The increase in revenue was mainly due to an increase of 7.6 million yuan in revenue from grave relocation business and a decrease of 4.5 million yuan in revenue from cemetery sales and cemetery-related services.