LK Technology's Profit Plunges 28% in Fiscal H1

MT Newswires Live12-02

LK Technology (HKG:0558) saw a 28% decline in attributable profit in the six months ended Sept. 30 to HK$148.4 million from HK$205.2 million in the year-ago period, a Nov. 29 bourse filing said.

Earnings per share stood at HK$0.109 in the interim period, down from HK$0.149 in the corresponding period of the last fiscal year.

Revenue of the die-casting machine manufacturer fell by 5.8% to HK$2.59 billion in the fiscal first half from HK$2.75 billion a year prior.

The company resolved to declare an interim dividend of HK$0.03 per share.

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