PROGRESSIVE P (01581) Reports Interim Results: Net Profit Attributable to Shareholders Drops 75.27% YoY to HK$3.01 Million

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Nov 27

PROGRESSIVE P (01581) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$359 million, a decrease of 25.16% year-on-year. Net profit attributable to shareholders was HK$3.01 million, down 75.27% compared to the same period last year, with earnings per share of HK$0.0073.

The company stated that net profit declined from approximately HK$12.2 million in the six months ended September 30, 2024, to around HK$3 million in the current period. This was primarily due to reduced revenue, driven by decreased construction engineering and machinery leasing activities—particularly those related to the Three-Runway System and Kai Tak Sports Park projects—as well as a general downturn in the construction market. Additionally, gross margin contracted during the period due to intense market competition, which pressured pricing and weakened overall profitability.

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The group recorded revenue of HK$359 million, a decrease of 25.16% year-on-year. Net profit attributable to shareholders was HK$3.01 million, down 75.27% compared to the same period last year, with earnings per share of HK$0.0073.</p>\n<p>The company stated that net profit declined from approximately HK$12.2 million in the six months ended September 30, 2024, to around HK$3 million in the current period. This was primarily due to reduced revenue, driven by decreased construction engineering and machinery leasing activities—particularly those related to the Three-Runway System and Kai Tak Sports Park projects—as well as a general downturn in the construction market. Additionally, gross margin contracted during the period due to intense market competition, which pressured pricing and weakened overall profitability.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1585","symbol_name":"昨日强势股","start_time":0,"source_url":"","article_id":"1172871953","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172871953","pubTimestamp":1764237030,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"PROGRESSIVE P (01581) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$359 million, a decrease of 25.16% year-on-year. 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