Gelon Foreign Exchange (08341.HK) announced that in the three months ended June 30, 2022, the group's income was about HK $535.98 billion, an increase of 31.27% over the same period last year. The profit attributable to the company's equity holders was about HK $1.283 million, compared with a loss of HK $786000 in the same period last year. Basic earnings per share is HK1.60 cents.

During the period, the company submitted tenders of approximately HK $686.3 million (three months ended 30 June 2021: approximately HK $11.918 billion) and zero projects (three months ended 30 June 2021: three projects with an award amount of approximately HK $6.6 million). Most of the bids are invited by stable long-term customers (including leading listed property developers in Hong Kong) based on trust in the company, some of them by large developers from China.