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Performance: able eng hldgs (01627.HK) reported a mid-term net profit of 99.89 million yuan, an increase of 60.8%, with no dividend declared.
Able eng hldgs (01627.HK) announced its interim results for the six months ending in September, with revenue of 3.947 billion yuan, an increase of 30.2% year-on-year. It recorded a net profit of 99.89 million yuan, a growth of 60.8%, with earnings per share of 4.99 cents. No interim dividend is declared.
Able Engineering Sees Boost in Fiscal H1 Profit
ABLE ENG HLDGS: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Able Eng Hldgs (01627.HK) held a board of directors meeting on November 29th to consider and approve the mid-term performance.
Able eng hldgs (01627.HK) announced that the board of directors will hold a meeting at 155 Wo Da Lo Road, Kowloon Tong, Hong Kong on November 29, 2024 (Friday) to consider and approve the unaudited interim results for the six-month period ending September 30, 2024, along with their publication, and to consider the proposal for the distribution of interim dividends (if any).
The Development Bureau did not approve a new round of quotas for foreign workers in the construction industry. The union welcomes this decision.
After reviewing various factors, the government has decided that the fifth round of the construction industry's imported labor scheme application, which will be launched in July, will not allocate quotas. The Hong Kong Construction Industry General Union welcomes the government's suspension of importing foreign construction workers, believing that the authorities have responded positively to the union's demands, addressing the urgent needs of workers by prioritizing local employment as the main consideration. The union hopes the government will strengthen vocational training efforts, focusing on promoting 'one specialty, multiple skills,' where workers with multiple skills have more job opportunities. They suggest that the government introduce multiple intermediate and advanced training course subsidy programs to attract more young people to join the industry, thus building a talent pool for the long-term transformation of the construction industry. The union points out that in order to
The Lands Department of Hong Kong: The land premium of "Lok Kin House" in Chai Wan did not reach the reserve price and was withdrawn from the auction.
The Lands Department announced that the residential land at lot 185, Cheung Man Road, Chai Wan, Hong Kong was not awarded due to the bid price not reaching the minimum land price set by the government for the site. The bidder was Able Engineering Holdings (01627.HK). The government will not speculate on the bidder's offer. The site area of the land is approximately 5,213 square meters and is designated for non-industrial (excluding warehouses, hotels, and gas stations) use. The minimum floor area for private residential use is 30,016 square meters and the maximum floor area can reach 41,704 square meters.
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