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Diversification Drove Substantial Growth as Announced in China SCE Group's 2019 Interim Report
2019.08.21
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China SCE Group announced 2019 interim results on August 22. For the six months ended 30 June 2019, the revenue increased by 10.7% to approximately RMB10.42 billion. The gross profit margin was 28.9%, and the profit for the period increased by 6.0% year-on-year to approximately RMB2.19 billion. Core profit attributable to owners of parent increased by 28.9% to approximately RMB1.54 billion. The Board has declared an interim dividend of HK10 cents per share, up 42.9% year-on-year.China SCE Group adopted flexible sales strategies to speed up the sales and cash collecion efficiency. Financial position remained strong, as of 30 June 2019, the total cash and bank balances increased by 17.6% to approximately RMB23.5 billion, and the net gearing ratio was 66.2%. China SCE Group is confident to achieve the full year contracted sales target of RMB70 billion.