VMEP Holdings (00422.HK) announced its interim results for the six months ending June this year, with revenue of US$32.85 million, down 45.8% year-on-year. It incurred a loss of 2.4184 million yuan, compared to a profit of 3.0011 million yuan in the same period last year. The loss per share was 0.27 cents. No dividend will be paid.

The Group stated that the overall business environment still faces intense competition, but the management will try its best to promote business growth, continue to actively seek potential business opportunities, pursue sustainable development, enhance profitability, and make every effort to ensure stable production and orderly operation, in order to minimize the adverse impact.