CONCH ENVIRO (00587) Announces Interim Results with Shareholder Profit of HK$4.325 Million, Down 94.73% YoY

Stock News
Aug 26

CONCH ENVIRO (00587) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$777 million, representing a decrease of 3.34% year-on-year. Profit attributable to equity shareholders amounted to HK$4.325 million, down 94.73% compared to the same period last year. Earnings per share were HK$0.0024.

During the reporting period, the group actively responded to external environmental pressures and worked diligently to expand its market presence, achieving year-on-year growth in total solid and hazardous waste disposal volume. However, profitability declined compared to the previous year due to falling disposal prices. Despite this, overall operations remained stable with accounts receivable decreasing year-on-year, and refined management initiatives including cost reduction and efficiency improvements progressing in an orderly manner.

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