Hanison Construction Sees Revenue Rise But Net Loss

Hanison Construction Holdings (HK:0896) has released an update.

Hanison Construction Holdings reported a significant revenue increase to HK$1,612.7 million for the year ended 31 March 2024, a 30.8% rise from the previous year, largely attributed to its Construction Division. However, the company faced a consolidated net loss of HK$216.0 million, mainly due to revaluation losses in investment properties and increased interest expenses. The board decided against declaring a second interim dividend, having distributed a first interim dividend of HK1.0 cent per share during the year.

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