Shing Chi Holdings Ltd. Reports 13.8% Revenue Increase to HK$85.5 Million for Six Months Ended March 2025; Loss from Discontinued Operations at HK$8,298K

Reuters
05/29
Shing Chi Holdings Ltd. Reports 13.8% Revenue Increase to HK$85.5 Million for Six Months Ended March 2025; Loss from Discontinued Operations at HK$8,298K

Shing Chi Holdings Ltd. has reported its financial results for the six months ended 31 March 2025. The group's revenue increased by approximately HK$10.4 million, or 13.8%, rising from HK$75.1 million in the previous year to HK$85.5 million. Despite this increase in revenue, the company experienced a loss attributable to owners from continuing operations of HK$6.964 million for the period, compared to a loss of HK$16.885 million in the previous year. Additionally, the revenue from the discontinued health management and consultancy business was HK$17.034 million, with a reported loss of HK$8.298 million for the period. The company cites challenges such as stringent budgets from customers and rising material and labor costs that are putting pressure on operations. In response, Shing Chi Holdings is emphasizing prudent financial management and cost control measures. The company also plans to obtain additional licenses and strengthen its financial resources to better position itself for public sector projects. Moreover, the company intends to enhance its operational capacity and efficiency by strengthening its manpower and investing in a new information system. Shing Chi Holdings will continue to explore suitable business and investment opportunities to drive future growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shing Chi Holdings Ltd. published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.

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