New Concepts Holdings (02221) said its profit attributable to equity holders for the six months ended 30 September 2015 rose 65.5% year-on-year to HK$30.677 million.
Basic earnings per share were HK7.67 cents.
The revenue was HK$595 million, an increase of 83.5% from a year earlier.
Gross profit increased 26.3% to HK$59.05 million. The overall gross profit margin of the Group decreased from about 14.4% to 9.9% for the reporting period, which was mainly due to the increased competition in the foundation business. In order to bid the tender successfully, the profit margin has to be set lower.
No interim dividend will be distributed.