Enviro Energy International Holdings Ltd. has announced its unaudited interim results for the six months ended 30 June 2025. The company reported a revenue of HK$209.612 million, experiencing a decrease from the previous year's HK$227.274 million. The cost of sales also decreased to HK$198.786 million from HK$211.842 million in the same period last year. As a result, the gross profit was HK$10.826 million, down from HK$15.432 million reported in 2024. Profit from operations in continuing operations stood at HK$6.714 million, compared to HK$9.765 million from the previous year. The company did not report any significant losses on debt capitalization arrangement this year, unlike the HK$80.730 million loss reported in the prior period. Additionally, the company entered into a conditional sale and purchase agreement on 28 July 2025 to acquire a 60% equity interest in a target company engaged in renovation services in the PRC for HK$68 million. This acquisition will be completed through the issuance and allotment of 1,360,000,000 consideration shares at HK$0.05 per share, pending fulfillment of certain conditions outlined in the agreement. Enviro Energy International Holdings Ltd. continues to engage in sales of materials businesses and property investment in the People's Republic of China. The company did not provide specific guidance or outlook in the interim results announcement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.