Thursday, September 22, 2011

Goldbug100 - Madex International (Holdings) Limited (HK 00231) H1 profits up 800%

For the six months ended 30 June 2011 the group recorded a turnover of HK$ 14,517,000 (HK$13,231,000) an increase of 10%

Unaudited consolidated profit for the period HK$29,399,000 (HK$3,268,000) an increase of 800%

This was mainly attibutable to the change in fair value of investment property of the Group.

The Group initiated a very substanial acquisition of a a mall in Chongquing Sichuan Province after the reporting period and has become the Groups biggest investment project

Earnings pers share from continuing operation (basic and diluted) HK$0.745 (HK$0.104)

Bloomberg - http://www.bloomberg.com/apps/quote?ticker=231:HK
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