DU DU Holdings (08250) releases interim performance, with a net profit attributable to shareholders of HK$981,000, turning losses into gains year-on-year.

DU DU Holdings (08250) announced its performance for the six months ended December 31, 2024. The group recorded a revenue of HK$2.305 billion, a decrease of 18.7% year-on-year. The net profit attributable to owners of the company for the period was HK$981,000, compared to a loss of HK$6.405 million for the same period last year. The basic earnings per share was 0.27 HK cents. The decrease in revenue was mainly due to changes in the group's business and product portfolio compared to the same period last year. The group added a new business in meat processing in April 2024. In addition, the group focused on trading high-quality fruits and fresh agricultural products, and selecting reputable and strong customers to improve the gross profit in this category. Despite the decrease in revenue compared to the same period last year, the gross profit from the meat processing business is relatively high, at around 1.2% compared to the trading business. The gross profit margin for the trading business of Shenzhen Agricultural Power Group also increased to around 0.43% (2023: around 0.39%), including the income from lending business. The group's overall gross profit for the period increased by approximately HK$2.488 million to around HK$15.585 million (2023: HK$13.367 million), with the gross profit margin increasing from around 0.47% in the same period last year to 0.67% for the period.