Recorded Double-Digit Growth in Revenue and Gross Profit, Proposed a Final Dividend of HK1.8 Cents per Share

Highlights:

• Revenue increased by 11.4% to approximately HK$6,066.0 million.
• Revenue generated from building construction works increased by 15.1% to HK$5,414.5 million.
• Gross profit increased by 15.4% to HK$353.2 million.
• Basic earnings per share was HK10.74 cents. The Board recommended the payment of final dividend of HK1.8 cents per share.

Financial Highlights:

For the year ended 31 Dec 2024
HK$'000	2024	2023	Change
Revenue Building Construction Works Repair, Maintenance, Alteration and Addition ("RMAA") Environmental Operations	6,066,037 5,414,578 511,985 139,474	5,445,560 4,703,000 528,681 213,879	+11.4% +15.1% -3.2% -34.8%
Gross profitGross profit margin	353,232 5.8%	305,991 5.6%	+15.4% +0.2 ppts.
Net profit (attributable to Owners of the Company)	53,715	71,887	-25.3%
Earnings per share (HK cents)	10.74	14.38	-25.3%

HONG KONG SAR - Media OutReach Newswire - 21 March 2025 - CR Construction Group Holdings Limited ("CR Construction" or the "Company", together with its subsidiaries, the "Group"; stock code: 1582.HK), a building contractor in Hong Kong, announced its annual results for the year ended 31 December 2024 (the "Financial Year under Review"). During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$6,066.0 million representing an increase of approximately 11.4% as compared to approximately HK$5,445.6 million for the year ended 31 December 2023 (the "Corresponding Period Last Year"). Net profit of the Group (attributable to Owners of the Company) during the Financial Year under Review was approximately HK$53.7 million. During the Financial Year under Review, gross profit of the Group was approximately HK$353.2 million, representing an increase of approximately 15.4% as compared to approximately HK$306.0 million for the Corresponding Period Last Year. The Group's gross profit margin was approximately 5.8% and 5.6% for the year ended 31 December 2024 and 2023, respectively. During the Financial Year under Review, earnings per share of the Group was approximately HK10.74 cents (for the year ended 31 December 2023: HK14.38 cents). The Board recommended the payment of final dividend of HK1.8 cents per share. BUSINESS REVIEWConstruction OperationsBuilding Construction Works For the year ended 31 December 2024, the revenue generated from the building construction works was HK$5,414.5 million, representing an increase of approximately 15.1% as compared to approximately HK$4,703.0 million for the year ended 31 December 2023. During the Financial Year under Review, the gross profit of building construction works was approximately HK$238.1 million, representing an increase of approximately 16.5% as compared to approximately HK$204.4 million for the Corresponding Period Last Year. The gross profit margin was approximately 4.4% for the year ended 31 December 2024. Repair, Maintenance, Alteration and Addition ("RMAA") The revenue generated from the RMAA works decreased by approximately 3.2% from approximately HK$528.7 million for the year ended 31 December 2023 to approximately HK$512.0 million for the year ended 31 December 2024. The decrease was mainly attributable to existing projects were closed to completion during the Financial Year under Review. During the Financial Year under Review, the gross profit of RMAA works was approximately HK$70.9 million, representing an increase of approximately 14.9% as compared to approximately HK$61.7 million for the Corresponding Period Last Year. The gross profit margin increased by approximately 2.1 ppts to approximately 13.8%. Environmental Operations The revenue generated from the environmental operations was decreased from approximately HK$213.9 million for the Corresponding Period Last Year to approximately HK$139.5 million for the Financial Year under Review. The decrease was mainly attributable to decrease in revenue from new and existing projects from construction and rehabilitation services, which was partially offset by increase from sewage and reclaimed water treatment services, during the Financial Year under Review. During the Financial Year under Review. The gross profit of environmental operations was approximately HK$44.2 million, representing an increase of approximately 10.8% as compared to approximately HK$39.9 million for the Corresponding Period Last Year. The gross profit...