SU Group Holdings Limited (SUGP) Q2 2024 Earnings Report

SU Group Holdings Limited delivered a solid QQ2 2024 performance with profitability metrics sustaining healthy margins and a strong balance sheet, despite a modest year-over-year revenue decline. Revenue for the quarter totaled HKD 45.92 million, down 5.36% from the prior year period, but up 37.81% quarter-over-quarter, reflecting some seasonality and the timing of larger contracts. Gross profit was HKD 13.31 million (gross margin 28.98%), underpinning an operating margin of 11.30% and an EBITDA of HKD 5.99 million. Net income reached HKD 5.06 million, translating to EPS of HKD 0.41. The company maintains a robust balance sheet with HKD 47.22 million in cash and cash equivalents and a net cash position of HKD 45.62 million, while total equity stands at HKD 90.59 million. The liquidity profile is strong (current ratio 2.29, quick ratio 1.54) and the company carries minimal leverage (total debt HKD 1.60 million; net debt negative).