Realord half-year revenues jumps 31% 

The group reported earnings per share of $3.56.

Realord Group Holdings Limited reported an increase of 31% to $583.29m in its revenues for the six months ending 30 June.

Gross profit for the half-year grew by 4% to $137.78m. Profits attributable to owners of the group also grew by 8.3% to $51.27m

The increase in revenues was attributable to the keen performance of several business units of Realord. The group’s Latin America and Caribbean segment recorded a segment profit of $576.2m. 

Realord’s financial services segment recorded a revenue of $63.1m in H1, a decrease of 5% from the previous year. The group said the decrease in revenue of the Financial Services Segment was mainly due to the decrease in services provided to its customers, including placing services and underwriting services for certain initial public offering (IPO) projects, partially offset by the margin interest income, margin financing services and interest from the money lending.

EP segment generated a revenue of $356.1m, an increase of 38.7% compared to last year.

With the steady growth of copper price and continuing increased scale and established suppliers’ network during 1H2022, the EP Segment generated revenue of approximately HK$356.1 million, representing an increase of approximately 38.7%. 

Amidst market uncertainties, the group said it will exercise extreme caution on its EP segment with a view to controlling operating costs, minimising the credit risk exposures, and expanding the customer base of the segments by strengthening their competitive edges amongst their competitors. 

Realord announced that it is looking into alternatives such as deploying additional operation points in Kyushu, Japan to meet the economic recovery after the COVID-19 pandemic to sustain the growth of the EP business.