Garmin Group Holdings (01271) announced interim results. Profit decreased by 52.7% year-on-year to HK$52.6 million

Zhitongcaijing · 11/26 11:33

According to the Zhitong Finance App, Garmin Group Holdings (01271) announced results for the six months ended September 30, 2024. Revenue increased 257% year over year to HK$683.7 million. Profit for the period decreased by 52.7% year on year to HK$52.6 million, with a basic profit of HK3.7 cents per share.

According to the announcement, the increase in revenue and gross profit was mainly due to an increase in the number of “Ming Qiao Hui” and “Ming Jun” properties sold and delivered to buyers during the review period.