FSE LIFESTYLE (00331) announces interim results, with a profit attributable to shareholders of HK$241.6 million, a decrease of 5.4% year-on-year. Earnings per share are HK21.1 cents.

FSE LIFESTYLE (00331) announced its interim performance for the six months ending on December 31, 2024. The revenue was approximately HK$4.09 billion, a decrease of 0.6% year-on-year; gross profit was about HK$524 million, an increase of 1.5% year-on-year; net profit attributable to shareholders of the company was HK$241.6 million, a decrease of 5.4% year-on-year; basic earnings per share were HK$0.53, with an interim dividend of 21.1 HK cents per ordinary share. The announcement stated that the decrease in profit was mainly due to a reduction in government subsidies and lower contributions from the mechanical and electrical engineering services sector, partially offset by strong performance in the integrated lifestyle services sector (including cleaning and pest control, system security, security and event services, technical support and maintenance, and insurance services).