Summary by Moomoo AI
ROYAL CEN RES Holdings Limited announced its interim results for the six months ending September 30, 2024. During the period, revenue increased by 2.6% to HKD 30.084 million, mainly driven by increased income from design, renovation, and engineering services. Gross profit fell by 45% to HKD 3.162 million, with the gross margin decreasing from 19.6% to 10.5%. The loss for the period narrowed by 11% to HKD 5.484 million.The company stated that the increase in income from design, renovation, and engineering services was mainly due to the increase in the total contract value of construction contracts awarded for public and private sector projects during the period, leading to an increase in the number of projects. Revenue from construction equipment rental decreased mainly due to several projects nearing completion, resulting...Show More
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