NEW CONCEPTS (02221) released its interim results, with a net loss attributable to shareholders of HK$14.856 million, representing a 130.58% increase year-on-year.

NEW CONCEPTS (02221) released its interim results for the six months ended September 30, 2024. The group achieved revenue of HK$362 million, an increase of 17.97% year-on-year. The company's attributable loss was HK$14.856 million, an increase of 130.58% year-on-year, with a loss per share of 0.92 HK cents. During this period, the group generated approximately HK$3.138 billion in revenue from its construction business, representing a 20.5% increase from the first half of 2023 (HK$2.605 billion), mainly due to an increase in the number of large-scale projects undertaken by the group.