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港股异动 | 致浩达控股(01707)一度飙升逾225% 去年亏损同比收窄近五成

Geotech Holdings (01707) soared more than 225% at one point in Hong Kong stocks' abnormal transactions, and last year's losses narrowed by nearly 50% year-on-year.

Zhitong Finance ·  Jun 18 11:48

Geotech Holdings (01707) once soared more than 225%, as of press time, it rose 213.79%, to HKD 0.182, with a turnover of HKD 3.3968 million.

It is reported that Geotech Holdings is a main contractor engaged in slope engineering. The company mainly undertakes slope engineering as a general contractor, and conducts site surveying and engineering as a subcontractor. The company's site surveying project includes land surveying and geotechnical engineering, instrumentation design, supply and monitoring, installation of geotechnical engineering and structural instruments. The company's main customers are government departments, including the Civil Engineering and Development Department, the Lands Department and the Highways Department.

According to the financial report, Geotech Holdings achieved a revenue of HKD 135 million for the full year of 2023, a year-on-year decrease of 52.2%; and a net loss of HKD 16.366 million, a year-on-year decrease of 49.14%. The decrease in net loss was mainly due to the expected credit loss provision for the reduction in the recognition of trade and other receivables (including material costs, subcontracting fees and expenses paid on behalf of joint operators).

In 2023, the company's overall revenue was HKD 135 million, a year-on-year decrease of 52.2%. The net loss was HKD 16.366 million, a year-on-year decrease of 49.14%. The decrease in net loss was mainly due to the expected credit loss provision for the reduction in the recognition of trade and other receivables (including material costs, subcontracting fees and expenses paid on behalf of joint operators).

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