According to the Zhitong Finance App, Xunhe Group (01591) announced its results for the six months ended September 30, 2023. The group obtained revenue of HK$235 million, an increase of 82.98% over the previous year; the company owners should account for a profit of HK$32.93 million during the period, an increase of 102.53%; and basic profit per share of HK$0.823 cents.
The announcement said that the sharp increase in earnings was mainly due to the imminent completion of several large-scale foundation projects undertaken by the Group during the period.