SHOUGANG CENT Reports 66% Drop in Net Profit for First Half of 2026
Stock News
Aug 14
SHOUGANG CENT (00103) has released its financial results for the six months ended June 30, 2026.
During the period, the company achieved a turnover of HK$1.324 billion, representing a 14.1% increase year-on-year. However, net profit fell sharply to HK$10.128 million, a decline of 66% compared to the same period last year. Basic earnings per share stood at 1.95 HK cents.
The growth in turnover during the period was primarily driven by the group's expansion of its global business layout, which was undertaken to meet customer demand for supply chain security.
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