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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