LAP KEI ENGRG(01690) releases annual performance: net profit of HK$15.685 million, a year-on-year increase of 657%.
Foundation Engineering Holdings Limited (01690) released its annual performance as of December 31, 2025. The revenue was 281 million Hong Kong dollars, a decrease of 32.4% compared to the previous year; net profit was 15.685 million Hong Kong dollars, an increase of 657% year-on-year; basic earnings per share was 1.08 Hong Kong cents, and a final dividend of 0.02 Hong Kong dollars per share is proposed.
Lap Kei Engineering (01690) announced its annual performance ending on December 31, 2025, with a revenue of HK$281 million, a decrease of 32.4% year-on-year; net profit of HK$15.685 million, an increase of 657% year-on-year; basic earnings per share of HK$1.08 cents, proposing a final dividend of HK$0.02 cents per share.
The announcement stated that the increase in profit for the year was mainly due to the increase in gross profit margin and lower administrative expenses. The net profit margin for the year was approximately 5.6% (2024: approximately 0.5%).
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