The HAECO Group has reported an attributable profit of HK$283 million for the first six months of 2014. This compares with a profit of HK$359 million for the equivalent period in 2013.
Earnings per share decreased by 21.2% to HK$1.70. Turnover increased by 65.6% to HK$5,337 million, with the acquisition of TIMCO accounting for 61.8% of the increase.
The company’s directors have declared a first interim dividend of HK$0.65 per share for the period ended 30th June 2014, a decrease of 18.8% from the first interim dividend paid in 2013, compared with a decrease of 21.2% in attributable profit.
The first interim dividend, which totals HK$108 million (2013: HK$133 million), will be paid on 16th September 2014. Shares of the Company will be traded ex-dividend as from 27th August 2014.
HAECO releases H1 results
