CSC DEVELOPMENT (00830) announced its interim results, with profit attributable to shareholders of HK$133 million, a decrease of 65.48%.

CSC DEVELOPMENT (00830) announced its interim results for the six months ended June 30, 2026, reporting a revenue of HKD 3.054 billion, a year-on-year decrease of 8.51%; net profit attributable to shareholders was HKD 133 million, down 65.48% compared to the same period last year; basic earnings per share were HKD 0.0591. A mid-term dividend of HKD 0.018 per share is proposed. The announcement stated that the current cautious investment attitude of developers has resulted in a reduction in new project volumes and revenues, which have not yet returned to previous levels. For the six months ended June 30, 2026, the revenue from the curtain wall and contracting business segment decreased to HKD 2.579 billion (June 30, 2025: HKD 2.849 billion), reflecting a 9.5% decline year-on-year. Additionally, due to the settlement income of several projects failing to meet expected targets, along with rising material prices and the appreciation of the Renminbi, the sales costs have increased, putting pressure on project gross profits. The operating profit for the six months ended June 30, 2026, decreased by 67.4% year-on-year to HKD 142 million (June 30, 2025: HKD 436 million).