SU Group reports 1H of 2024 EPS HK$0.81 vs HK$0.83 last year

Reports 1H of 2024 revenue HK$91.85M vs HK$97.04M last year. SU Group’s Chairman and CEO, Dave Chan, commented, “Our business fundamentals remain strong, supported by our expanding portfolio of security-related engineering services and a strengthened balance sheet following our successful IPO on Nasdaq in January 2024. On a segment basis, we achieved an 11.7% increase in revenues year over year from security guarding and screening services for the six months ending March 31, 2024, compared to the same period last year. Our total revenue, which declined slightly year over year, would have been meaningfully higher if not for the timing shift of certain contracts to the second half of the year. Additionally, we absorbed the impact of a significant, non-recurring government contract recognized in the previous period but not in the current one.”