Continental Holdings Corporation (CHC) today (July 31^st) reported financial results for the first half of 2024. The Company posted consolidated revenue of NT$14,845M, operating profit of NT$796M, and net profit of NT$750M. EPS for first-half was NT$0.96.

CHC’s consolidated revenue for the first half of 2024 was flat compared to the same period last year, primarily due to a 58.3% revenue growth from Environmental Project Development and Water Treatment Business (HDEC Corporation), setting a historical high for the same period, offset by the decrease in the handover of new residential projects from Real Estate Development Business (Continental Development Corporation). The gross margin decreased by 1.5 percentage points compared to the same period last year, mainly due to lower gross margin and revenue from Real Estate Development Business, resulting in decreased contribution to CHC consolidated revenue. With a decrease in gross margin and an increase in non-operating income, CHC’s net profit for the first half of 2024 decreased by 5.1% compared to the same period last year.

All three business segments of CHC maintained a solid volume of revenue backlog. As of June 30^th, 2024, the revenue backlog for Construction Engineering Business came to NT$101.8B, translating to 4.9 times of its revenue for fiscal 2023. Revenue backlog of Real Estate Development Business reached a record high of NT$21.7B, equivalent to 3.0 times of its revenue for fiscal 2023. The revenue backlog of Environmental Project Development & Water Treatment Business totaled NT$66.8B and was approximately 14.0 times of its revenue for fiscal 2023.