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.

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.