Hongji Group (02535.HK) announced its interim results on August 26th. For the six months ending on June 30, 2024, the company's revenue was 0.172 billion Hong Kong dollars, an increase of 28.87% year-on-year. The shareholder's profit for the period was 13.402 million Hong Kong dollars, an increase of 44.22% year-on-year. The basic earnings per share were 0.81 Hong Kong cents.

The increase in revenue is mainly attributed to the increase in income generated by relatively large projects for the six months ending on June 30, 2024, such as (i) a private commercial development project in Causeway Bay, estimated to have a contract amount of approximately 388.0 million Hong Kong dollars; (ii) a private commercial development project in Central, estimated to have a contract amount of approximately 55.0 million Hong Kong dollars; and (iii) an infrastructure and public facilities development project in Kai Tak, estimated to have a contract amount of approximately 62.3 million Hong Kong dollars.