Able Engineering's Full-Year Profit Jumps 12%

MT Newswires Live
06/26

Able Engineering (HKG:1627) recorded a 12% rise in attributable profit for the year ended March 31 to HK$228.6 million from HK$204.9 million a year prior, a Thursday filing with the Hong Kong bourse said.

Earnings per share rose to HK$0.1143 in the fiscal year from HK$0.1024 previously, according to the engineering and construction company.

Revenue rose 45% to HK$7.97 billion in the period from HK$5.51 billion in the year-ago period, mainly due to the progress of projects according to schedule.

The firm recommends a final dividend of HK$0.06 per ordinary share for the year to shareholders of record on Sept. 5.

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