SU Group Holdings Ltd (SUGP) has released an update.
SU Group Holdings Ltd has reported a 5.4% decrease in revenue for the six months ending March 2024, primarily due to a change in contract size mix in project and maintenance. Despite this, the company saw a 4.4% increase in gross profit, aided by a decrease in cost of revenues and an improved profit margin from security-related engineering services. The company also became the exclusive Hong Kong distributor for MATZ-ERREKA’s automatic doors and gates amidst these financial results.
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