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Asia Commercial Holdings' (HKG:104) Conservative Accounting Might Explain Soft Earnings
ASIA COMM HOLD: 2024/2025 INTERIM REPORT
Asia Commercial Logs 17% Higher Attributable Profit in Fiscal H1
ASIA COMM HOLD (00104.HK) reported a mid-term net profit of 36 million Hong Kong dollars, an increase of 17% year-on-year.
On November 27, Gu Long Hui announced that for the six months ending September 30, 2024, ASIA COMM HOLD (00104.HK) reported revenue of 0.338 billion HKD, unchanged from last year; during this period, net profit recorded was 36 million HKD, an increase of 17% year-on-year; earnings per share were 4.79 HKD cents. Revenue was primarily stable due to sales from china in both periods (2023: increased by 16%). In this period, sales in Hong Kong and china were 5 million HKD and 0.333 billion HKD, representing a decrease of 11% and a slight increase of 0.2% compared to the same period last year.
Express News | Asia Commercial Holdings H1 Revenue HKD 338 Million
Express News | Asia Commercial Holdings H1 Net Income HKD 36 Million
We Think Asia Commercial Holdings' (HKG:104) Robust Earnings Are Conservative