Analogue Records Net Profit Growth in 2021 Interim Results
HONG KONG, Aug 26, 2021 - (ACN Newswire via SEAPRWire.com) - Analogue Holdings Limited ("Analogue" or the "Company", together with its subsidiaries, collectively the "Group") (stock code: 1977), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong with operations in Macau, Mainland China, United States and United Kingdom, today announced the interim results for the six months ended 30 June 2021 ("the Period" or "1H2021"), achieved net profit growth despite the challenging operating environment due to the COVID-19 pandemic.Highlights-- Profit attributable to owners of the Company increased by 5.3% to HK$112.5 million-- Record high value of outstanding contracts in hand amounted to HK$11.9 billion, up 10.2% year-on-year-- Healthy cash position with cash balance amounted to HK$1,255.6 million -- High dividend payout ratio maintained at 50%During the Period, the Group's total revenue amounted to HK$2,333.6 million, including the contributions from Transel Elevator & Electric Inc. ("TEI") from April to June 2020 when it was a subsidiary of the Group. Excluding the revenue from TEI, the total revenue would have recorded an increase of 3.9% year-on...
ATAL Sets Up First Company in UK, Further Expands its Footprint across the World
HONG KONG, Feb 23, 2021 - (ACN Newswire) - Analogue Holdings Limited (stock code:1977) together with its subsidiaries (referred to as "ATAL Engineering Group", "ATAL" or the "Group"), a leading electrical and mechanical ("E&M") engineering service provider headquartered in Hong Kong with operations in Macau, mainland China and the United States, has established its first company - Anlev (UK) Ltd in London, United Kingdom, marking its first foothold in Europe. Through its award-winning lifts and escalators brand, Anlev Elevator Group ("Anlev"), the expansion will enable the Group to provide one-stop services from design, manufacturing to installation and maintenance of lifts and escalators for customers in the UK and capture opportunities of the European market.Anlev, a subsidiary of ATAL, has a strong presence in public transport and commercial projects in the UK and is the only independent escalator manufacturer approved by Network Rail.Anlev's manufacturing plant in Nanjing is expected to produce 3,500 sets of lifts and escalators annually upon the completion of its expansion in 2022.Dr. Otto Poon Lok-to, Chairman of ATAL Engineering Group, said, "When we established the lift...