Tysan Holdings Limited (HK:0687) has released an update.
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Tysan Holdings Limited reports a significant financial turnaround with a profit of HK$11 million in the first half of 2024, compared to a loss in the previous year, despite a decrease in turnover from HK$1,426 million to HK$1,009 million. The foundation piling segment shows resilience with profitable contracts and anticipates a steady flow of business, particularly from government-led housing and infrastructure projects. The company remains cautiously optimistic, maintaining a strong financial position with a net cash status and a solid balance sheet, poised to capitalize on future opportunities.
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