Chervon Holdings Logs 25% Jump in H1 Profit as Revenue Rises 10.5%

MT Newswires Live08-27

Chervon Holdings (HKG:2285) recorded a profit attributable to equity shareholders of $61.5 million for the six months ended June 30, about 25% higher than the $49.1 million logged for the corresponding period last year, a Tuesday filing with the Hong Kong exchange said.

Earnings per share attributable to ordinary equity holders of the parent stood at $0.12 for the reporting period, up 20% from $0.10 last year.

The power tools and OPE products manufacturer and seller's revenue for the first half of this year was $815.7 million, 10.5% higher than the $738.5 million booked a year ago. The company attributed the increase to increased customer orders and its improved point-of-sales performance.

The company's shares were up nearly 4% in recent trade.

Price (HKD): $18.94, Change: $+0.66, Percent Change: +3.61%

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