Man King Holdings Limited announced unaudited consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported revenue of HKD 117,326,000 against HKD 127,376,000 a year ago. Profit before tax was HKD 15,555,000 against HKD 14,473,000 a year ago.

Profit for the period was HKD 12,537,000 against HKD 11,950,000 a year ago. Basic and diluted earnings per share was 3.52 cents against 4.55 cents a year ago. The decrease in revenue was mainly due to the combined effect of: lower revenue of approximately HKD 12.1 million for two civil engineering projects located in Kai Tak and Tsing Yi, which were completed during the six months ended September 30, 2015; lower revenue of approximately HKD 12.7 million for two civil engineering projects for the six months ended September 30, 2015 as compared to the revenue of approximately HKD 28.7 million recognized for the same projects which had been completed in late 2014; and higher revenue of approximately HKD 15.5 million for the two new projects commenced during the six months ended September 30, 2015.

The increase in net profit was mainly due to the increase in gross profit offset with the effect on recognition of listing expenses. At 30 September 2015, the group has committed capital expenditure in respect of acquisition of property, plant and equipment contracted amounting to approximately HKD 3.0 million.