VISTAR HOLDINGS (08535) announces its interim results with a net profit attributable to shareholders of HK$1.085 million, a decrease of 69.02% year-on-year.

date
11/11/2024
avatar
GMT Eight
Yingde Holdings (08535) released its six-month performance ending on September 30, 2024, during which the group achieved revenue...
VISTAR HOLDINGS (08535) announced its financial results for the six months ended on September 30, 2024. The group recorded a profit of HK$134 million during the period, a decrease of 9.09% compared to the same period last year. The attributable profit to equity holders of the company was HK$1.085 million, a decrease of 69.02% year-on-year. Basic earnings per share were 0.09 Hong Kong cents. The announcement stated that the decrease in the attributable profit to shareholders was mainly due to events such as a decrease in gross profit from the group's core business of approximately HK$4.17 million, which was partially offset by (i) a decrease in administrative and other operating expenses of about HK$550,000; (ii) a decrease in taxable profits resulting in a decrease in income tax expenses of about HK$830,000; and (iii) a decrease in impairment losses on trade receivables and contract assets of about HK$570,000.