| Agritrade Resources (01131) said its profit
attributable to owners for the six months ended 30 September 2017 rose 3.1% year-on-year
to HK$148 million.
Basic and diluted earnings per share were HK9.3 cents.
Revenue amounted to HK$985 million, an increase of 51.1% from a year earlier. The
significant increase is mainly due to the improved performance of the Group's mining
operation with the recovery of coal price since the last quarter of 2016 and the increase
in export sales of coal, as well as the additional revenue contribution from the third
VLCC that was acquired by the Group in January 2017.
Gross profit grew 67.5% year-on-year to HK$369.6 million and the gross profit margin
increased to 37.5% from 33.9%.
No interim dividend will be distributed. |
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