SU Group Engineering Revenue Drop Partially Offset by Margins
Dow Jones
Yesterday
SU Group Holdings' first-half revenue fell 20% year over year to HK$86.3 million, driven by fewer large engineering projects. Project and maintenance revenue dropped to HK$44 million from HK$65.1 million, while security guarding and screening held steady at HK$40.9 million. The Hong Kong-based security services company said cost discipline helped cushion the decline. Gross margin edged up to 20.7% from 20.3%, and selling, general and administrative expenses fell 15.9%. The operating loss narrowed to HK$3.9 million from HK$4.7 million in the prior-year period.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.