Zhitong Financial APP News, favorable Group (00406) announced interim results for the six months ended September 30, 2022, the group earned HK $3.109 billion in income during the period, down 0.47% from the same period last year; profit attributable to shareholders was HK $22.449 million, down 50.75% from the same period last year; basic profit per share was HK5.12 cents, and proposed to pay an interim dividend of HK2.5 cents per share.

In terms of segment sales, the growth of the mechanical and electrical installation division made up for the decline in supply sales of construction materials, the announcement said. Over the past few years, the mechanical and electrical installation division has seen an increasing number of orders, supporting future sales growth. In addition, some of its large-scale projects have reached their peak, resulting in an increase in completion. In the first six months, revenue from mechanical and electrical installation increased by 14 per cent compared with the same period last year.