GME Group (08188) announced that the unaudited gross margin for the six months ending in 2024, as well as the attributable surplus and total comprehensive income (net surplus) of the company's owners, are respectively expected to be no less than 15.0% and HKD50 million. For the six months ended June 30, 2023, the unaudited gross margin and unaudited net surplus were approximately 7.9% and approximately HKD4.176 million, respectively.

The increase in gross margin and net surplus for the six months ending in 2024 is mainly due to the positive progress made in the construction of tunnel construction services in newly awarded contracts by the Group (as defined and disclosed in the annual performance announcement). Based on the measurements of the projects completed by the Group and its clients up to now, the profit margin of the tunnel construction service is generally higher.