TAK LEE MACH released its annual performance, with shareholders' attributable profit of HKD 28.163 million, a year-on-year increase of 297.45%
TAK LEE MACH released its annual results for the year ending July 31, 2025, with revenue of HKD 331 million, a year-on-year increase of 18.37%; profit attributable to shareholders of HKD 28.163 million, a year-on-year increase of 297.45%; basic earnings per share of HKD 0.0282, and a final dividend of HKD 0.035 per share. The growth in net profit was mainly driven by the increase in sales and leasing of heavy equipment, benefiting from various development projects and engineering demands from the Hong Kong SAR government
According to the Zhitong Finance APP, TAK LEE MACH (02102) announced its annual performance for the year ending July 31, 2025, achieving revenue of HKD 331 million, a year-on-year increase of 18.37%; the profit attributable to shareholders was HKD 28.163 million, a year-on-year increase of 297.45%; basic earnings per share were HKD 0.0282, with a final dividend of HKD 0.035 per share.
The growth in net profit is mainly attributed to the increase in sales and leasing of heavy equipment, driven by the demand from various development projects, railway projects, and landfill expansion projects implemented by the Hong Kong Special Administrative Region Government; and due to the decrease in the carrying amount of trade and lease receivables and the improvement in the recovery rate for the year ending July 31, 2025, the expected credit loss provision for trade and lease receivables was reversed (2024: expected credit loss provision of approximately HKD 3.2 million, mainly due to the economic conditions of the expected collection period and the payment history of customers, with increased credit risk and expected default risk)
