EASY SMART GP (02442) announced its annual performance with a net profit of HK$35.826 million, a decrease of 18.29% year-on-year.

EASY SMART GP (02442) announced its full-year results for the period ending June 30, 2024. The revenue was approximately 353 million Hong Kong dollars, an increase of 4.88% compared to the previous year; net profit was 35.826 million Hong Kong dollars, a decrease of 18.29% compared to the previous year; basic earnings per share were approximately 8.78 Hong Kong cents, and the final dividend per share of ordinary shares was 0.172 Hong Kong dollars. The announcement mentioned that the increase in revenue was mainly due to the progress of several large-scale public projects, including a public infrastructure and facilities project related to the Hong Kong Airport passenger terminal building, and a public infrastructure and facilities project related to the Kai Tak Sports Park, which led to an increase in revenue from public projects for the year. The decrease in net profit was primarily due to an increase in service costs and administrative expenses, as well as the recognition of listing expenses of approximately 11.8 million Hong Kong dollars in the previous year, which did not need to be recognized in the current year.