Zhixun Finance App reported that Sandmartin Intl (00482) announced its interim performance for the six months ending on June 30, 2024. During this period, the group's revenue increased by 5.67% to 312 million Hong Kong dollars; the shareholder's net profit was 17.995 million Hong Kong dollars, turning around from a loss of 48.804 million Hong Kong dollars in the same period of the previous year; and the basic earnings per share were 1.46 Hong Kong cents.

The announcement stated that the group's gross margin decreased from 14.49% in the same period of 2023 to 8.73% in the reporting period, due to rising material costs and global shortages of chips and integrated circuits.