OKG Technology's Fiscal H1 Loss Shrinks as Revenue Jumps 58.5%

MT Newswires Live11-27

OKG Technology Holdings (HKG:1499) recorded a loss attributable to owners of HK$3.4 million for the six months ended Sept. 30, down from HK$9.2 million last year, a Tuesday filing with the Hong Kong exchange said.

Loss per share also shrank to HK$0.0006 from HK$0.0017 recorded in the year-ago period.

The construction engineering company's revenue for the six months under review was HK$195.7 million, 58.5% higher than HK$123.5 million booked a year ago.

The company attributed the increase in revenue to higher turnover for its foundation and building construction works segment, and ancillary-related businesses resulting from the commencement of new projects during the reporting period.

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