HONG KONG--(BUSINESS WIRE)--
Financial Highlights
|
Six-month period ended 30 June |
|||
|
|
2016 |
2015 |
Changes (%) |
|
Revenue (HK$,000) |
239,646 |
197,767 |
+21.2% |
|
Gross Profit (HK$,000) |
96,929 |
76,783 |
+26.2% |
|
Gross Profit Margin |
40.4% |
38.8% |
|
|
Profit Attributable to Owners of the Company(HK$,000) |
18,533 |
18,380 |
+0.8% |
|
Basic EPS (HK cents) |
1.75 |
1.73 |
+1.16% |
Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, announcedits unaudited consolidated interim results for the six-month period ended 30 June 2016 (the “Period”).
During the Period, the Group’s operating revenue was approximately HK$239.6million, representing an increase of approximately 21.2%,as against the corresponding period. Total profit attributable to owners of the Companywas approximately HK$18.5 million, relatively stable as against the corresponding period. The APM services of the Grouprecorded revenue of approximately HK$155.7 million, representing an increase of 8.2% as against the corresponding period of 2015.The APM equipment recorded revenue of HK$83.9 million, representing an increase of 55.9% as against the corresponding period. Those figures indicate that the Group remains a leading integrated solution provider using "Hot-in-Place" recycling technology in the APM industry of PRC.
Mr. Sze Wai Pan, Chairman of FreetechRoad Recycling Technologysaid, “As a leading provider of the “Hot-in-Place” recycling technology in the APM sector and a provider of one-stop solution covering “testing, planning, equipment and construction”, our Group willachieve a healthy growth by leveraging our competitive advantages and the favourable policies.”
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About FreetechRoad Recycling Technology(Holdings) Limited (Stock Code: HK.6888)
Freetech Road Recycling Technology is a leading integrated solution provider using the Hot-in-Place recycling technology in the asphalt pavement maintenance industry renowned for its Road Doctor brand.As of 30 June 2016, the Group owned 113registered patents and had15pending patent applications in Hot-in-Place Recycling Technology and related equipment. The Group has also established 12 joint ventures and associates and appointed 12 franchisees across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
Contact:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987