CHAMPION TECH released its interim results, with a loss attributable to shareholders of HKD 21.607 million, turning from profit to loss year-on-year
CHAMPION TECH released its interim results for the period ending December 31, 2024, reporting revenue of HKD 21.662 million, a year-on-year decrease of 75.75%. The loss attributable to the company's owners was HKD 21.607 million, compared to a profit of HKD 50.59 million in the same period last year, with a basic loss per share of HKD 2.67 cents. The decrease in revenue was mainly due to a decline in contract delivery volume for smart city solution projects and renewable energy business
According to the Zhitong Finance APP, CHAMPION TECH (00092) announced its performance for the six months ending December 31, 2024. The group achieved revenue of HKD 21.662 million, a decrease of 75.75% year-on-year; the loss attributable to the company's owners was HKD 21.607 million, compared to a profit of HKD 50.59 million for the same period last year; the basic loss per share was HKD 0.0267.
The announcement stated that the decrease in revenue was mainly due to a decline in the contract delivery volume of smart city solution projects and renewable energy business during the period
