According to the Zhitong Finance App, Baguio Green Group (01397) announced its 2026 interim results, with revenue of HK$1.02 billion, a year-on-year decrease of 24.7%; gross profit of HK$93.885 million, a year-on-year decrease of 29.4%; and the company's equity shareholders should account for net profit of HK$29.6.07 million, a year-on-year decrease of 49.77%. Earnings per share were HK7.13 cents.

According to the announcement, the decline in earnings was due to some market participants adopting extremely aggressive pricing on a number of government contracts to seize the market.

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