ABLE ENG HLDGS announced its annual performance, with a net profit of approximately HKD 229 million, a year-on-year increase of 11.55%
ABLE ENG HLDGS announced its annual results for the year ended March 31, 2025, with revenue of approximately HKD 7.969 billion, a year-on-year increase of 44.58%; net profit of approximately HKD 229 million, a year-on-year increase of 11.55%; earnings per share of HKD 0.1143, and a proposed final dividend of HKD 0.06 per share. The increase in revenue was mainly due to projects progressing as planned, but due to the downturn in the Hong Kong property market, the group faced an impairment loss of HKD 199 million. Excluding this impact, the annual profit was approximately HKD 428 million, a year-on-year increase of 108.7%
According to the Zhitong Finance APP, ABLE ENG HLDGS (01627) announced its annual performance for the year ending March 31, 2025, with revenue of approximately HKD 7.969 billion, a year-on-year increase of 44.58%; net profit of approximately HKD 229 million, a year-on-year increase of 11.55%; earnings per share of HKD 0.1143, and a proposed final dividend of HKD 0.06 per share.
The announcement stated that the increase in revenue was mainly due to the projects progressing as planned. The profit did not grow in line with revenue, primarily due to the downturn in the Hong Kong property market, with the group recording an impairment loss of HKD 199 million on a leased land. Excluding the impact of the impairment loss, the profit for the year was approximately HKD 428 million, a year-on-year increase of 108.7%
