According to the Financial information from the Zhutong Finance APP, kwan on hldgs (01559) released its performance for the six months ended on September 30, 2024, with revenue of 0.189 billion Hong Kong dollars, a year-on-year growth of 0.9%; the company's attributable loss was 23.431 million Hong Kong dollars, narrowing by 54.5% year-on-year; basic loss per share was 1.25 Hong Kong cents.

In reviewing the financial period, the group continued to accelerate the progress of existing contracts and rectified identified defects and completed specific projects as agreed by signing supplemental agreements to revoke contracts HA20170102, GE201801, and HY201812. During the reporting period, project sites have been successfully handed over to the government.

While continuing efforts to complete current government contracts, the directors of the company are aware that the construction industry in Hong Kong remains challenging due to fierce competition. To address these challenges and optimize resources, management continues to focus on selling loss-making contracts or businesses and exploring new business opportunities in the private construction markets of Hong Kong, Malaysia, and mainland China.