BII TRANS TECH announces a positive profit forecast, expecting the interim profit attributable to shareholders to increase year-on-year to approximately HKD 23 million to 25 million
BII TRANS TECH expects that the interim profit attributable to shareholders for the period ending June 30, 2025, will increase year-on-year to approximately HKD 23 million to HKD 25 million, compared to HKD 9.6 million in the same period last year. Revenue is expected to be between HKD 550 million and HKD 600 million, compared to HKD 467 million in the same period last year. The increase in profit is mainly due to the impact of project delivery cycles and the rise in profits from joint ventures
According to the Zhitong Finance APP, BII TRANS TECH (01522) announced that it expects the group to achieve revenue between HKD 550 million and HKD 600 million for the six months ending June 30, 2025, compared to approximately HKD 467 million in the same period last year. The group expects the profit attributable to the company's equity shareholders to be between HKD 23 million and HKD 25 million, compared to approximately HKD 9.6 million in the same period last year.
The expected increase in profit attributable to the company's equity shareholders is mainly due to the impact of project delivery cycles, with an increase in the number of projects accepted during the period compared to the same period last year, as well as an increase in profits from joint ventures and associates leading to an increase in investment income recognized by the group
