Hsin Chong profits up to HK$388 Million

Analysis, Slider 15 Apr 2015
Hsin Chong profits up to HK$388 Million

For the first quarter of the financial year 2015, the Group recorded major new contracts awarded of approximately HK$4.1 billion with with Profit Attributable to Shareholders Up 110% to HK$388 Million

CONSTRUCTION BUSINESS

Turnover

• For the first quarter of the financial year 2015, the Group recorded turnover of approximately HK$3.8 billion

Major new contracts awarded

• For the first quarter of the financial year 2015, the Group recorded major new contracts awarded of approximately HK$4.1 billion

Outstanding workload

• As of 31 March 2015, the Group recorded an outstanding workload of approximately
HK$17.0 billion

MANAGEMENT SERVICES BUSINESS

Turnover

• For the first quarter of the financial year 2015, the Group recorded turnover of approximately HK$200.1 million

Major new contract awarded

• For the first quarter of the financial year 2015, the Group recorded a major new contract awarded of approximately HK$16.9 million

Hsin Chong Construction Group Ltd. (the “Company”, together with its subsidiaries, collectively, the “Group”) is pleased to provide a business update (unaudited) for the first quarter of the financial year 2015 with the objective of informing its shareholders and potential investors of the Company’s operational progress and performance.

CONSTRUCTION BUSINESS

1. Turnover

For the first quarter of the financial year 2015, the Group recorded turnover of approximately
HK$3.8 billion, details of which are as follow:

For the first quarter of the financial year2015

(HK$ million)

For the first quarter of the financial year2014

(HK$ million)

Change
Building 1,667 1,045 +60%
Civil Engineering 430 474 -9%
Electrical and Mechanical 193 96 +101%
Interiors and Special Projects 269 229 +17%
Nominated subcontractors’works of Macau Galaxy Resort

Phase 2 project

1,245 1,020 +22%
Total 3,804 2,864 +33%

2. Major new contracts awarded

For the first quarter of the financial year 2015, the Group has been awarded the following major contracts:

Contracts Clients Location
1. Construction of a private residential development project at the juncture of Sheung Lok Street and Sheung Shing Street, Homantin, Kowloon Kerry PropertiesLimited Hong Kong
2. Foundation Works, Drainage Diversion andRoad Works for Temporary Carparking for the

Hong Kong Ocean Park Marriott Hotel

Lai Sun DevelopmentCompany Limited Hong Kong
3. Renovation Works for G/F, 4/F and 9/F, KeeWah Industrial Building, 666 Castle Peak

Road, Cheung Sha Wan, Kowloon

Kee Wah FoodProduction Limited Hong Kong
4. MUJI Hong Kong – Hopewell CentreStore Renovation Project MUJI (Hong Kong) Company Limited Hong Kong

2

The total contract sum of the Group’s equity share in these major new contracts amounted to approximately HK$4.1 billion. The contract sum of one of these contracts is the largest single contract sum ever awarded to the Group.

3. Outstanding workload

As of 31 March 2015, the Group recorded an outstanding workload of approximately
HK$17.0 billion, details of which are as follow:

As of31 March 2015

(HK$ million)

As of31 March 2014

(HK$ million)

Change
Building 10,570 11,224 -6%
Civil Engineering 2,641 3,170 -17%
Electrical and Mechanical 1,245 1,349 -8%
Interior and Special Projects 1,964 1,213 +62%
Nominated subcontractors’works of Macau Galaxy Resort

Phase 2 project

564 6,143 -91%
Total 16,984 23,099 -26%

MANAGEMENT SERVICES BUSINESS

1. Turnover

For the first quarter of the financial year 2015, the Group recorded turnover of approximately
HK$200.1 million, details of which are as follow:

For the first quarter of the financial year2015

(HK$ million)

For the first quarter of the financial year2014

(HK$ million)

Change
Property and FacilityManagement Services 200.1 211.7 -5.5%

 

2. Major new contract awarded

For the first quarter of the financial year 2015, the Group has been awarded the following major contract:

Contract Client Location
Provision of property management for the Hong KongHousing Authority Headquarters Blocks 3 and 4 The Hong KongHousing Authority Hong Kong

The total contract sum of the Group’s equity share in this major new contract amounted to approximately HK$16.9 million.

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