Qingjian International (01240) announced interim results with profit attributable to shareholders of HK$238.31 million

According to the Zhitong Finance App, Qingjian International (01240) announced results for the six months ended June 30, 2024, with revenue of HK$4,883.6 billion, up 15.5% year on year; profit attributable to company owners of HK$238.31 million, loss of HK$147 million in the same period last year; basic profit per share of HK$0.014.

The shift from net loss to net profit during the period was mainly due to: the gross margin of the Singapore Construction Division improved in the reporting period compared to the same period in 2023; and the Group's total loans decreased compared to the same period in 2023, leading to a reduction in financial costs.