The D'Seaview mixed development in Sihanoukville, Cambodia, is HLH's first overseas mixed development project. As at end June, the development has achieved 20% construction progress and is expected to be completed on schedule in end 2018.
Other income increased to $5.3 million in 1H17 from $4.2 million in 1H17 mainly due to the gain on recognition of deferred tax asset and reversal of deferred tax liability.
Finance costs fell to $0.055 million in 1H17 as compared to $0.4 million in 1H16 due to repayment of loans.
Meanwhile, HLH’s net assets increased to $131 million from $93.9 million due to higher net profit offset by net foreign exchange difference arising on consolidation of $4 million for 1H17.
Cash and cash equivalent stood at $1.3 million at end June.
Shares in HLH closed at 0.8 cent on Monday.
