Revenue from the Group’s operations for the six months ended 30 June 2023 amounted to HK$118.9 million, representing a decrease of HK$43.8 million or 26.9% as compared to HK$162.7 million for the corresponding period in 2022. Such decrease was primarily attributable to the decrease in the sales volume of electric tools.

The Group’s gross profit for the six months ended 30 June 2023 amounted to HK$33.3 million, representing a decrease of HK$10.2 million as compared to HK$43.5 million for the corresponding period in 2022. The gross profit margin for the six months ended 30 June 2023 was 28.0%, representing an increase of 1.3 percentage points compared to 26.7% for the corresponding period in 2022.

Profit attributable to the owners of the Company for the six months ended 30 June 2023 was HK$13.0 million, representing a decrease of HK$11.7 million or 47.3 % as compared to HK$24.7 million for the corresponding period in 2022. The decrease in profit for the period was mainly attributable to the decrease of revenue as mentioned above.