ENVIRO ENERGY (01102) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$210 million, representing a decrease of 7.77% compared to the same period last year. Profit attributable to owners of the company was HK$850,000, compared to a loss of HK$92.387 million in the corresponding period of the previous year. Basic earnings per share amounted to HK$0.06 cents.
According to the announcement, the group's revenue primarily comes from the sale of building materials to construction and renovation projects in China. The group enjoys advantages in procuring building materials at competitive prices and favorable credit terms. Since the establishment of Hangzhou Junheng in 2022, revenue generated from the group's supply of building materials has increased significantly.
During the reporting period, the group's revenue from continuing operations decreased by 7.8% compared to the same period last year, mainly attributable to intense competition in the market.
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