, Hong Kong

Kingboard Holdings profit soars 378% to $5.06b in H1

Revenue over the period amounted to $26.70b.

Kingboard Holdings Limited reported its profit surged by 378% to $5.06b in the first half of the year after registering growth across its diverse business segments.

Revenue over the same period amounted to $26.70b, up 34% from $19.92b in 2020.

“With a vertically integrated model, our laminates and printed circuit board (PCB) divisions achieved growth in both the order books and product prices,” Chairman Paul Cheung Kwok Wing said in a statement.  

“The chemicals division also profited from the rocketing demand for commodities and saw record revenue growth during the period.”

Its laminates division saw sales volume increase by 33% year-on-year (YoY) to 65 million sheets. Total revenue from the segment stood at $14.44b, jumping 116% YoY.

Kingboard’s PCB division, for its part, delivered a record sale, driven by 5G and new energy vehicles. The company generated $6.46b from the segment, an increase of 51% from last year.

Moreover, its chemicals business saw revenue growth of 47% to $7.55b as the economic recovery across the globe drove demand for chemicals.

Revenue from its property business, meanwhile, dropped 88% to $575.3m even as it registered a “satisfactory” result in terms of residential pre-sales.

Contracted sales during the period amounted to $2.25b, but the number of units handed over-reduced.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK leads in business confidence index in GBA
However, the current performance index for business activity dropped to 50.6 from 54.1.
Economy
EMSD rolls out Green Welfare NGOs scheme applications
First batch applications will open on 14 October, whilst second batch opens on 30 November.
Hang Seng indexes to include Alibaba-W
This move further enhances mainland Chinese investors' access to its shares.