US EditionOneConstruction Group Limited Announces 1H 2025 Interim Financial Results
- Hong Kong-based OneConstruction Group Limited closed its initial public offering of 1,750,000 ordinary shares at US$4.00 per share on January 2, 2025.
- ONEG's IPO, referred to as "the Offering", provided the company with gross proceeds of $7 million before deducting underwriting discounts and related expenses, as part of its strategy to expand its market presence.
- ONEG, a structural steelwork contractor, is committed to driving operational efficiency and delivering sustainable growth, particularly in the public sector, while facing ongoing macroeconomic challenges.
- For the six months ended September 30, 2024 , ONEG reported an 8.2% decrease in revenue to $28.7 million compared to $31.3 million in 1H2024, alongside a gross profit of $2.4 million.
- ONEG's profit after tax for 1H2025 decreased to $1.24 million, with a $1.2 million decrease in cash and cash equivalents, while administrative expenses increased by 103.6% but remained at 3% or less of revenue, and the company has been awarded 'outstanding contractor' by the Hong Kong Housing Authority.
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OneConstruction Group Limited Announces 1H 2025 Interim Financial Results
NEW YORK, March 31, 2025 /PRNewswire/ -- OneConstruction Group Limited ("OneConstruction Group," "ONEG" or the "Company"), a structural steelwork contractor in Hong Kong, today announced its unaudited financial results for the six months ended September 30, 2024.
·Altavista, United States
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